28/9/2019
PUNE:
Auto component-maker Carraro India plans to invest around 20 million Euros to
upgrade its operations and expand capacity in India, which accounts for 17
percent of its total business, over the next four years.
The Italy-based Carraro Group is a leader in
transmission systems for off-highway vehicles and specialized tractors and has
plants across the world, including in Italy, India (Ranjangaon), Argentina, China,
South Africa and Brazil.
In the past 20 years the group has invested a little
over 101 million in the country. "Between now and 2023, we intend to invest around 20 million Euros to
upgrade our operations and expand capacity," group vice-chairman Enrico
Mario told reporters here on the occasion of its two decades of operations in
the country.
Carraro is also setting up a second plant within the
existing facility, which will allow it to enhance the current capacity, he
said, adding the second unit, spread over an area of 7,300 Sq.M. is expected to
be completed by 2022.
"The capacity expansion will allow us to expand
our capabilities towards new products such as portal axles, specifically
designed for India," he added. The Italy-based Carraro Group is a leader
in transmission systems for off-highway vehicles and specialized tractors.
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