• Start of industrial set up of the greenfield plant in Hosur, Tamil Nadu
• Initial capacity of about 300,000 units per year for the transmissions in Phase 1 and 200,000 units for the BS-VI compliant engines in Phase 2
Groupe PSA and Avtec Ltd (a CK Birla Group Co.) hosted the inauguration ceremony of their greenfield plant in Hosur, Tamil Nadu. The site will manufacture and supply technologically advanced and eco-friendly powertrain for the global and domestic automotive market.
The initial manufacturing capacity of this plant will be about 300,000 units per year for the transmissions and 200,000 units for the BS-VI compliant engines.The plant will manufacture gearboxes in Phase I to support both the India project as well as supplying Groupe PSA needs. The peak investment in this manufacturing set up would go up to Rs. 600 Crore and will generate a direct employment of around 800 people. Additionally, the performance of the industrial set-up will be supported by a significant level of localization to reach the necessary cost competitiveness.
Commenting on the development, Mr. CK Birla, Chairman, the CK Birla Group said, “We have always striven to evolve with the ever-changing needs of our customers and partners. This partnership that brings together latest technology from Groupe PSA and the manufacturing excellence of the CK Birla Group is a step in the same direction. We are confident that this new plant will create long-term value and fulfil future market needs better.”
