Bharat Seats has received a final approval for setting up of new production facility in Gujarat at a total cost of Rs 38 crore approximately, which includes the cost of land. The said project cost is proposed to be funded mainly out of internal accruals and borrowings, wherever required.
The Board of the company at their meeting held on July 23, 2019, approved the same.
Bharat Seats is in the business of manufacturing complete seating systems and interior components for the automotive and surface transport. The company also operates research & development centre which handles projects from the concept stage through modelling, designing prototyping to testing and validation for the final product.
