Craftsman Automation has received approval for setting up of a new plant/unit at Salarpur, Bhiwadi, Rajasthan. Estimated investment required for Phase 1 is Rs 150 crore.
Currently, Craftsman has limited presence in Northern India, where major two-wheeler and Passenger Car OEMs apart from General Engineering and Farm Equipment sectors are located. The new plant will be within 100 kms from major OEMs and enable the company to utilize the plant capacity optimally. The Board of Directors of the Company at their meeting held on January 27, 2024 has approved the same.
Craftsman Automation is a diversified engineering company engaged in: (a) Automotive - Powertrain and Others, (b) Automotive - Aluminium Products, and (c) Industrial and Engineering segments.
