Jamna Auto will set up two new manufacturing units at Hosur and Chennai to produce parts for commercial vehicles, entailing a total investment of Rs80 crore
Auto component maker Jamna Auto Industries Ltd said it will set up two new manufacturing units at Hosur and Chennai to produce parts for commercial vehicles, entailing a total investment of Rs80 crore.
The Hosur facility is being set up to manufacture parabolic springs and the plant is expected to go on-stream in December 2011, the company said in a statement.
The new plant at Chennai will manufacture air suspension, bogey suspension and lift axles and commercial production is expected to commence from July 2011, it added.
"Both the plants are being set up at a project cost of Rs80 crore," the company said.
Jamna Auto has gone for major capacity expansion for parabolic springs to meet the demand of major commercial vehicle manufacturers-Daimler India, Renault-Nissan, Leyland-Nissan and Ashok Leyland-it said.
On Monday, Jamna Auto ended flat at Rs131 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.43% to 18,222.67.
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