MoneyWorks4Me

Sundaram-Clayton to invest Rs 400 crore over 3 years to expand facilities in India

10 Feb 2017 Evaluate

Sundaram-Clayton (SCL) plans to invest for growth both in India and in the US, along with its subsidiary. It plans to invest Rs 400 crore over 3 years to expand its facilities in India. This will increase its capacity from 60,000 MT to 70,000 MT. The company has 4 manufacturing plants situated in India, and is known for its robust manufacturing expertise driven by TQM, TPM and Lean practices. The planned investment will enable the company to cater to the growth that it expects from the Indian market.

The company also announced its plans to set up its first manufacturing facility outside of India with an additional investment of over $50 million (Rs 350 crore) to create 10,000 MT of capacity over a period of five years. The facility will be located in the United States, in Dorchester County, South Carolina.

Sundaram-Clayton is one of the largest automotive components manufacturing groups in India. It is one of the largest suppliers of aluminium die castings in the country.


Peers
Company Name CMP
Bajaj Finserv 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
View more..