Mumbai, May 9: German auto major MAN, celebrating its 250th anniversary, is looking for greater opportunity in India and is planning a significant investment this year. The Company, which had infused 11 million euros over the last two years, today said the investments would be much more, but did not specify the numbers.
MAN Executive Board member George Pachta-Reyhoten said the order intake for MAN in India went up by 38 per cent last year to around 111 million euros as against 81 million euros the previous year. At the global level, the Company had an order book of 19.37 billion euros, up 17 per cent over the previous year. Sales, last year, in India was 90 million euros, marginally up by two per cent. The Company's joint venture with Force to manufacture heavy duty trucks in Pune dispatched its first truck to South Africa last year. During the current year, the joint venture, which would have a final capacity of 25,000 trucks, would build 6,800 trucks, of which 1,800 were meant for exports. By 2010-11, the unit would sell 12,000 trucks domestically and a similar number would be exported. The unit had a capacity to produce trucks in the range of 16 to 49 tonnes gross weight.
Asked about bus production, Force Chairman and Managing Director Abhay Firodia, who has a 70 per cent stake in the joint venture, said that currently the aim was to fully concentrate on the truck business. Talks, however were on for manufacture of bus chasis also, he added.
The Company unveiled its Indian headquarters ''MAN house'' here to focus all its Indian activities through one roof. Besides the joint venture with Force, MAN India had diesel engine production unit in Aurangabad, where it also had a 100-men-strong engineering services group which catered to the global requirements of the Company, a turbo machinery unit and industrial services group.