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Rane NSK opens new facility for electric power steering at Gujarat

Auto News - Published on Mon, 26 Nov 2018

Image Source: NSK
NSK Steering Systems, a Rane Group company that is a joint venture with NSK Japan, opened a new facility for Electric Power Steering manufacturing at Ahmedabad, Gujarat. The facility located at Changodhar, 20 kms from Ahmedabad, Gujarat will address the passenger vehicle market in this region, said the company.

The company will invest INR 35 crore this year for a capacity of around 2,50,000 units per annum and this would be ramped up to 600,000 units in next two years, with an additional investment of around INR 20 to 25 crores.

Commenting on the new facility, Mr L Ganesh, Chairman of Rane Group said that “The new facility will help Rane NSK to address increasing demand and serve customers in Gujarat and Western region. Initially Gujarat plant will act as satellite plant to Bawal plant and handle assembly operations. We will also be ramping up capacity and bringing in additional processes depending on the demand.”

Headquartered in Chennai, India, Rane Group manufactures auto components and is a supplier to major OEMs across the world. It manufactures steering and suspension systems, friction materials, valve train components, occupant safety systems, die-casting products and provides connected mobility solutions.

Source :

Posted By : Joykumar Irom on Mon, 26 Nov 2018
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