Brakes Auto to pump in Rs 100cr for auto parts venture
New Delhi, Mar 18 (UNI) Brakes Auto India Ltd will invest Rs 100 crore in its new venture in Chennai and Kolkata to manufacture heavy vehicle and light vehicle parts.
The company's Managing Director S Suresh Sharma said Brakes Auto will manufacture automobile, locomotive, aerospace and maritime components at the new facilities.
''The company also plans to manufacture specific items used in defence mechanism and locomotives, wagons and engine parts,'' he said in a statement.
UNI
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Story first published: Monday, March 19, 2007, 12:06 [IST]