Rane to set up two new factories

Rane Holdings, the holding company the Rs 4,400-crore Rane Group, has decided to set up two new factories and double the capacity for hydraulic steering for tractors.

In an interview to BusinessLine, L Ganesh, Chairman & MD, Rane Holdings, said, “Last two years, we have been seeing the shift happening faster in higher HP tractors — from manual to hydraulic steering. As our product has done well, the demand is good. So we are expanding the capacity at Rane Madras’ Mysuru plant.”

He said further: “In engine valves too, we are adding two lines for specific customer requirements mainly for two wheeler valves. We are also expanding the capacity for commercial vehicle steering in our Rane TRW Tiruchi unit.”

In the interview, Ganesh said, “One new factory is being built for seat belts and airbags as this market is evolving strongly due to regulatory requirements. Our plant in Chennai is almost full and hence we decided to set up the second unit in Tiruchi.”

Image Credit : autocarpro.in

Research Desk

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Mangalore Chemicals receives green nod for Rs 1,547-crore expansion project


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