CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Brakes India-ADVICS joint venture to establish Rs 500 crore unit near Hosur
Automotive Industries - Jul 26,2024 -Brakes India is set to build a new greenfield factory in Shoolagiri near Hosur, Tamil Nadu.
This facility, developed in partnership with ADVICS, Japan’s leading premium brake system supplier, will focus on producing advanced braking products for the Indian light vehicle market.
The joint venture, with Brakes India holding a 51% stake and ADVICS owning 49%, will involve a significant investment of ₹500 crore. The new production plant will be located in the SIPCOT park at Shoolagiri, pending land allotment from the State government.
“We have applied for land in the SIPCOT park at Shoolagiri and are expecting the allotment letter from the State government soon,” said Sriram Viji, Managing Director of Brakes India, in an interview with BusinessLine.
The State government has announced plans to develop a Future Mobility and E-Vehicle Park over 300 acres at Shoolagiri to attract manufacturing investments.
The joint venture will produce advanced braking control systems, including electronic and software components, with an initial focus on electronic stability control (ESC).
Recent News
◉ KSDL to set up new unit in Vijayapura - Apr 08,2025◉ Lemon Tree Hotels signs a new property in Darjeeling - Apr 08,2025
◉ Refex Green Power wins order worth Rs 78 crore - Apr 08,2025
◉ Centre sanctions Rs 1,060 crore for four-laning of Bhoma-Old Goa stretch - Apr 08,2025
◉ UP govt allocates Rs 1,967 crore to expand sugar mills capacity - Apr 08,2025
◉ PGI plans to set up new 150-bed critical care block - Apr 08,2025
◉ Odisha govt to establish new MRO unit at Biju Patnaik International Airport - Apr 08,2025