Rico Auto Industries has commenced the process of obtaining requisite approval from appropriate government authorities for partial closure of its loss making business unit situated at Dharuhera (Haryana). The proposal is in line with its continuing efforts of optimizing operations at each plant.
The production lines that are intended to be closed are non-operational as of date and will not impact the turnover adversely rather will have a positive impact on overall performance and profitability.
Rico Auto Industries is engaged in the manufacturing of clutch and crank case. The company is engaged in the manufacturing and sale of auto components for two wheelers and four wheelers.
