Hindalco is reportedly planning to invest in new capacities for automobile component offerings from its Canadian subsidiary Novelis. Also, the company is planning to expand manufacturing lines to grow its auto shipments to a quarter of the total production capacity.
Moreover, the company is considering expanding Novelis’ auto lines in the US and China to tap rising demand for aluminium sheets used for automotive purposes.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
