International Automotive Components India Pvt. Ltd. plans to set up another facility in western India to serve the emerging automotive business in the region.
The Pune, India, unit of Southfield, Mich.-based International Automotive Components Group declined to comment on the exact location of the plant.
“The proposed plant is coming up in the next couple of years,” said Gajanan Gandhe, senior vice president and executive director of the Indian unit, at the recent Automotive Plastics India conference in Mumbai.
Gujarat province is fast emerging as the next automotive business center in western India, so a new plant there could serve OEMs like Tata, General Motors, Ford, Maruti Suzuki and Peugeot.
“The upcoming plant would be a part of IAC's new business growth strategy in emerging markets,” Gandhe said.
IAC makes plastic components including instrument panels, door panels, consoles, carpet and headliners.
In November, IAC formed two joint ventures with Malaysia-based APM Automotive Holdings Berhad. The ventures, in Malaysia and Thailand, are IAC's first investments in the Association of Southeast Asian Nations region, continuing the Tier 1 supplier's rapid expansion across Asia.
Gandhe said IAC is looking for synergies between the ASEAN and Indian operations in engineering, development and supplies.
IAC boosted its footprint in Asia in early 2011 when it opened a plant in Chakan, India, and purchased Manesar, India-based Multivac India Pvt. Ltd., a supplier of headliners, instrument panels, interior trim and door panels.