CapEx News

Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers

Home   »   CapEx-News   »  

NDR Auto Components to expand operations

Automotive Industries  -  May 31,2024  - 

NDR Auto aims to expand operations as it nears capacity at its existing plants. The supplier of seat frames and trims to major automakers including Maruti Suzuki, Toyota, and Kia, disclosed during a recent investor call that it has acquired land in Kharkhoda, near the upcoming Maruti Suzuki plant. NDR is also exploring land acquisition possibilities in Anantapur, close to Kia's manufacturing facility.

Pranav Relan, Whole-time director of the company, said, " Utilisations at our facilities across Haryana, Bangalore and Gujarat stood at 80%, offering us an ample runway from having sales with rising capacities. So once we run out of capacity, then we will look to expand". The company currently has an order book of around Rs 250–300 crore, which is likely to get executed in one and a half to two years.

NDR Auto Components got empanelled as a tier 2 supplier to  Hyundai TRANSYS to supply seat-trims to Kia, which will commence from January 2025.

The seating trims will be manufactured at the company's manufacturing facility in Bengaluru, which is close to Kia's manufacturing operations.

 

Company : NDR