Auto component supplier Rajsriya Automotive Industries Private Limited is planning to open a plant in Mysuru by June this year to cater to the needs of TVS Motor Company.
Rajsirya Automotive is a tier-I supplier of sheet metal pressed components for the automotive industry. Its executive director Sriya Chari was quoted as saying by The Hindu: “We are setting up this plant closer to TVS Motor’s Mysuru plant by investing Rs 40 crore to Rs 50 crore, including land.”
According to Sriya, the new plant will become operational either by June or July 2018.
Rajsriya Automotive reported revenue of Rs 780 crore last year. Out of this, TVS Motor accounted for almost 90 per cent. It makes side panels, footboards, front panels, exhaust systems, centre stands, mufflers, steering column parts and mudguards for TVS.
Its other clients include Wabco, Daimler, Continental, Yamaha, TI Cycles, Brakes India and Lucas TVS.
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