Autoline Industries Limited to set up facility at Sanand, Guajrat to cater to Tata Motors.

Autoline Industries Limited has received offer from Tata Motors Ltd. to setup a facility at Sanand, Gujarat to cater with the automobile parts to Tata Motors. The Board of Directors of the Company at its meeting held on Thursday, June 1, 2023, has considered the offer and approved the setting up of a new plant (unit) on the leased hold plot (to be allotted by Gujarat Industrial Corporation) at Sanand, Gujrat to expand the business and retain the existing business with OEM.

The investment of INR 50 Crore (approximately) for producing automobile parts for 240000 nos. of vehicles per annum will be met through own funds and loan.

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