In order to develop its production facilities in Oragadam on the outskirts of Chennai, Delphi-TVS Technologies, a joint venture between Borg Warner and TVS Group, will invest Rs 400-450 crore over the next three years.
It would enable common rail systems (CRS) to increase their yearly production capacity to nine lakh.
The automotive supply brand, which serves a variety of markets for diesel engines, including those for industrial engines, tractors, construction vehicles, and passenger cars, will also look into potential in the marine vessel industry. Three million CRS have been produced at the Oragadam factory, a significant milestone.
At a press conference on Tuesday, A Viswanathan, president of Delphi-TVS Technologies, told reporters that an investment of around Rs 150 crore each year would be made during the next few years.
“Currently, our annual production is six lakh and it will increase to nine lakh over the next three to four years. We are also working on marine vessels, though we have not supplied anything so far. That is the area, where we see possible opportunities and a lot of tech work is happening,” he said.
