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Home arrow Auto component arrow Jamna Auto to invest Rs.80 cr in new manufacturing plants at Hosur and Chennai
Jamna Auto to invest Rs.80 cr in new manufacturing plants at Hosur and Chennai Print E-mail
Written by Krishna Kumar, Arjun   
Tuesday, 08 March 2011
Chennai: Jamna Auto Industries Limited, India’s largest commercial vehicle spring manufacturer, plans to set up two new manufacturing units for parabolic springs and air-suspension springs for commercial vehicles at Hosur and Chennai. Both the plants are being set up at a project cost of Rs. 80 crore.

The Hosur facility is being set up to manufacture parabolic springs and the plant is expected to go on-stream in December 2011. The Greenfield plant at Chennai will manufacture Air suspension, bogey suspension and lift axles. The commercial production is expected to commence from July 2011 onwards.

The Company currently manufactures leaf springs and parabolic springs for M&HCVs, with an installed capacity of 180,000 mtpa. The manufacturing facilities are located at Yamuna Nagar (Haryana), Chennai, Malanpur (Madhya Pradesh) and Jamshedpur. Jamna Auto’s wholly owned subsidiary – Jai Suspension Systems LLP, has its plant at Pant Nagar (Uttarakhand).

"With the Indian CV majors now gradually shifting over to parabolic springs, we at Jamna Auto have decided to increase parabolic capacity," said Randeep Jauhar, CEO, Jamna Auto Limited.

Jamna Auto has gone for major capacity expansion for parabolic springs to meet the demand of major commercial vehicle manufacturers - Daimler India, Renault-Nissan, Leyland-Nissan and Ashok Leyland. Tata Motors Ltd’s requirement of parabolic springs is being met from the Company’s Malanpur plant. The Hosur facility will have annual capacity of 36,000 MTs.

The Greenfield plant at Chennai will manufacture Air suspensions in technical collaboration with Ridewell Corporation, USA. The Company has already acquired the land near Chennai and prototypes developed are undergoing rigorous trial. Air suspensions are being increasingly used in low floor buses.

"India has firmly established its position among the fastest growing and cost-efficient automobile markets in the world, leading to large global automakers setting up their production units here. Sothern India has been a key region for these automakers. As a strategic initiative, we have decided to expand our manufacturing presence in this region. It will not only enable us to gain proximity to our customers but would also enable us to provide cost efficient quality products," said Randeep Jauhar.

Jamna Auto had recorded a consolidated sales turnover of Rs. 661 crore and profit after tax of Rs. 11 crore for the financial year 2009-10. In the first nine months of the current financial year 2010-11, the Company recorded a consolidated turnover of Rs. 696 crore and profit after tax of Rs. 25 crore.

 
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