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Argentum Motors to manufacture commercial vehicles and cars
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Written by Viswanath   
Thursday, 14 February 2008

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New Delhi: Former president of Hyundai Motors India, BVR Subbu, who is now director of Argentum Motors said that the revival of the Surajpur plant was almost complete and the company is also looking at contract and joint manufacturing of commercial vehicles and cars.

The Surajpur facility would soon begin producing components by the start of the next financial year.

Argentum Motors,a company floated by Mr.B.V.R Subbu,  Ajay Singh of Spice Jet and India Online Network's Ashish Deora took possession of the Daewoo motor's plant at Surajpur (Haryana). Originally set up by Daewoo to produce engines, gear boxes and body parts, the 210 acre facility is the third largest automobile manufacturing factory in India.

The facility is equipped to produce 4 lakh engines,4 lakh gear boxes and 2 lakh car bodies at its press shop.

Rumours regarding Argentum's future plans with reference to partnerships for contracts and joint manufacturing have been doing their rounds. Subbu admitted that Argentum Motors has been  attracting the interest of international original equipment manufacturers and that the company is in talks with many of them.

There have been reports that the French car manufacturing major, PSA Peugeot Citroen is exploring the possibility of a global component sourcing joint venture with Argentum. Subbu, however, did not comment on any specific deals.

It has also been rumoured that the upcoming Daimler-Hero CV venture is believed to be looking at Argentum for its LCV foray.

It has also been reported that Argentum is in talks with a number of commercial vehicle manufacturers including Swedish truck maker Scania and DAF Trucks NV to manufacture commercial vehicles.

Last Updated ( Saturday, 08 March 2008 )
 
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