In a bid to give boost to its business in India, auto parts maker Sona Group is planning to invest up to Rs 400 crore in the next four years.
The group’s CEO Sunjay J Kapur told PTI: “We are looking to invest in the range of Rs. 300-400 crore over the next four years and most of it will happen in India.”
He also said: “Bulk of the investment will go towards expanding the forging business, the electric axle business and drivelines segment.”
On the future plans, he said, “Currently, we are 19-20 per cent of the global forging business. Our aim is to take it to 30 per cent, going ahead.”