Sona Koyo to invest Rs. 100 crore on capex in FY12

Auto component-maker Sona Koyo Steering Systems will invest Rs. 100 crore this fiscal on expansion of its production capacity, including the establishment of a new unit as it looks to foray into the commercial vehicles segment. The company will also set up a new pressure die casting unit at Dharuhera, in Haryana. The new facility will be ready by the end of this financial year. Besides the new unit, it will also expand our existing facilities located in the Gurgaon-Dharuhera region.

The company is looking to enter into the commercial vehicle and farm equipment segments, for which manufacturing will start from next year. The company is currently in discussions with major commercial vehicle-makers, but has not received any orders yet.