Brakes India, an automobile spare parts firm from the TVS Group, has decided to invest about Rs 100 crore to expand the capacity at its Naidupeta factory in Andhra Pradesh.
The facility adopts a modern ‘line concept’ to produce castings and the decision to invest Rs 100 crore has been confirmed to BusinessLine by Sriram Viji, Deputy Managing Director, Brakes India.
He was quoted as saying: “The line concept is a little different from what we have done in the past and enables us to produce slightly larger and more intricate castings.”
He added: “This line produces components for brake assemblies, turbo charger assemblies, certain commercial vehicle structural and engine parts as well as new orders that we have on the anvil. The capacity is in the range of 12,000 tonnes per annum.”
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