Brakes India is looking at setting up a new plant at its existing premises in Tamilnadu, Andhra Pradesh or Gujarat to meet future growth, said MD Sriram Viji.
“Currently, we are in the process of setting up a new plant at Theravoy Kandigai near Chennai by investing ₹100 crore,” said Viji. The plant, which will manufacture products for commercial vehicle braking systems, was expected to be operational in three months’ time, he said, adding that the products were currently in the process of being validated.
According to Viji, the company was registering high growth due to good order book position and introduction of new products.
“The factories are expected to run out of capacity in 18 months’ time… We are looking at expanding the capacity within our premises in Tamil Nadu, Andhra Pradesh or Gujarat,” he said.
