By: Satnam Singh
October 23, 2012
NEW DELHI (Oct. 23, 1:30 p.m. ET) — Automotive lighting solution company Lumax Industries Ltd. is setting up a dedicated plastic component plant to cater the motorcycle industry in the southern part of India.
The plant is in Bidadi, near in Bangalore.
“We are setting up a plant with an investment of about US$20 million (INR 100 crore) at Bidadi to cater the motorcycle segment,” said Anmol Jain, senior executive director, in an interview with Plastics News at the National Conference on the Auto Component Industry in New Delhi.
“Initially, the Bidadi unit would cater the motorcycle segment but we are open to other forms of transportation like car or trucks at a later stage,” he said.
The plant is strategically located as the region is part of the expanding hub in southern India with global car and truck OEMs like Toyota Kirloskar, Mahindra Reva Electric Vehicle and Scania Commercial Vehicles.
The Lumax plant will cater to the third Honda Motorcycles and Scooters India plant near Bangalore.
“The plant would manufacture 30 different parts for multiple motorcycle models right from fender to cowl,” Jain added.
Production at the HMSI plant will start by the first half of 2013 and have capacity of 1.2 million units annually.
Lumax will import machinery from ASEAN countries.
Lumax is based in New Delhi and has six plants in India.