RSB group begins construction at Uttaranchal, to invest Rs 35 cr
New Delhi, July 4 (UNI) RSB Group, automotive components manufacturer in India, today said it had begun construction on the six-acre greenfield plant in Uttaranchal, and is planning to invest Rs 35 crore in the unit.
Civil construction of the project has already begun and the plant will be completed by December 2006. It will commence commercial production by February/March 2007.
The plant, RSB's ninth in India, is located in the Integrated Industrial Estate, Pantnagar and is essentially set up to cater to the requirements of Tata Motors Ltd, for its 'Ace' LCV.
Announcing the plans, RSB group Chairman R K Behera said, ''We have decided to invest in this plant in line with our overall strategic growth plans. The Uttaranchal unit will be the key location to develop and supply axles to Tata Motors Ltd.'' RSB will cater to the total requirement for TML's axles.
Mr Behera further, ''Uttaranchal being an emerging destination for automotive sector, automotive giants like Tata Motors, Mahindra&Mahindra and Bajaj Auto are setting up their plants so it was a natural choice for us to set up a base here to meet the growing demand in the domestic circuit.'' The Rs 400 crore RSB Group is an engineering and components manufacturing business house catering to a wide variety of automotive, and off highway equipment makers. The Group is a premier supplier to almost all OEMs in the country, besides a host of renowned OEMs in Europe, UK and the US.
They provide equipments to the major manufacturers of Trucks, Tractors, LCV's, Off Highway vehicles and Transmission components among others.
The Group comprises four different companies, -- International Auto Ltd, RSB Transmissions (I) Ltd, I-Design Engineering Solutions Ltd&i vitesse.
UNI RA VJ KP1830