International Automotive Components Group has opened two new facilities in India, giving it a total of four manufacturing plants in the country.
One new facility, in Manesar, is intended to complement Luxembourg-headquartered IAC's existing operations there, with a total of 60,000 square feet between two locations, a company news release indicates. The Manesar business produces interior components such as headliners, flooring, instrument panel components and interior soft trim products for Maruti Suzuki, Volkswagen, Volvo-Eicher Commercial Vehicles and other brands.
A new 80,000-square-foot facility in Chakan, will be IAC's second in the Pune district, and supply a range of interior and exterior components for brands including Mahindra & Mahindra, Mahindra Trucks and Buses Ltd., Volkswagen, Volvo-Eicher Commercial Vehicles and Fiat, the company said. The location will also house IAC India's domestic and global off-shore design and engineering operations and will employ at least 170 by year's end. IAC's other Pune facility, located on the Mahindra & Mahindra manufacturing campus, supplies components exclusively for those vehicle lines.
IAC operates about 100 locations worldwide, including 81 manufacturing facilities in 19 countries, and employs more than 28,000 globally. The company reported global 2013 sales of $5.2 billion.