NDR Auto Subsidiary Inaugurates New Plant, Invests ₹27.29 Cr

NDR Auto Components Ltd announced that its wholly owned subsidiary, NDR Auto Components South Private Limited, has inaugurated a new manufacturing plant in Penukonda, Andhra Pradesh. The new facility will focus on producing frame structures, seat covers, and other automotive components, primarily catering to KIA Motors India through Hyundai Transys. The project involves an investment of approximately INR 27.29 crores, to be financed through a mix of loan and equity, and is expected to achieve its proposed capacity within the next year. This expansion is considered price-sensitive information.