Business Update20 Jun 2024, 11:25 pm
Jamna Auto Industries to Set Up New Manufacturing Unit in Indore with Proposed Capacity of 30,000 MT
AI Summary
Jamna Auto Industries Ltd. has announced an update on the setting up of a new manufacturing facility at Indore under its Wholly Owned Subsidiary, M/s. Jai Automotive Components Limited. The proposed capacity is 30,000 MT with an expected start of commercial production around January 2026. The estimated investment required is around Rs. 126 crore, which will be financed through internal accruals. The move aims to enhance the capacity to cater to the growing demand for parabolic springs.
Key Highlights
- New manufacturing facility at Indore under Wholly Owned Subsidiary, M/s. Jai Automotive Components Limited.
- Proposed capacity of 30,000 MT with commercial production expected to start around January 2026.
- Estimated investment of around Rs. 126 crore.
- Financing through internal accruals.
- Capacity enhancement to cater to the growing demand for parabolic springs.