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Subros to invest Rs. 140 crore in capacity expansion

07 Sep 2011 Evaluate

Car air-conditioning manufacturer Subros will invest Rs. 140 crore to expand its manufacturing capacity by five lakh units by the end of 2012-13. The company had a plan to invest Rs. 80 crore in expanding the capacity by March next year, which will now be postponed till September 2012. The company will invest Rs 60 crore more in the next fiscal to expand capacity further. After the expansion, the production capacity will be increased to 2 million units per annum from the existing 1.5 million units a year. The company has five manufacturing facilities in Manesar, Pune, Sanand, Nashik and Chennai. Some of its major customers include Maruti Suzuki India and Tata Motors.crackcrack

Subros Share Price

787.00 8.40 (1.08%)
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