Autolite (India) will make investment in Autolite Manufacturing (AML) having orders worth Rs 480 crore to be supplied in phased manner to a leading OEM. The Board of Directors has authorized executive directors to make investment in terms of Section 186 of the Companies Act, 2013. AML is planning to set up production line of Lithium ion battery pack and battery management system in collaboration with a foreign company.
The board also took note of the start of trial production of electric vehicles and got approval from Central Institute of Road Transport, Pune. The present production capacity is 500 electric vehicles which will go up to 2000 electric vehicles per month in a phased manner. It has also started trial marketing in Rajasthan and received good response and therefore it plans to expand marketing of Electric Vehicles across India.
Autolite (India) is involved in designing manufacturing and marketing automotive lighting products globally. The company's current product range includes : Head Lamps, Auxiliary Lamps, Work Lamps, Automotive Horns, Halogen Bulbs, Miniature Bulbs, Incandescent Bulbs, International packaging, Rubber Body Lamps and Rubber Housing.
