Sundaram-Clayton Ltd. (SCL), of the TVS Group, opened a new foundry at Oragadam, near Chennai, at an investment of more than Rs. 150 crore.
The facility, which was inaugurated by Young Key Koo, Managing Director and CEO of Hyundai Motor India Ltd. recently, has been established to meet the growing demand from the automotive industry.
The 8000-tonne foundry, will primarily serve Hyundai Motor. It can produce machined castings ranging from 1.9 kg to 7.2 kg, according to a statement.
“This facility reinforces our drive to serve our customers by cutting down supply times because of the proximity to their factories which gives us a competitive edge. This is a critical advantage given the lean inventory management of our customers who want the supply chain to be agile,” said Lakshmi Venu, Joint Managing Director of SCL.
SCL is confident of maintaining growth as it expects Indian automotive market to see robust growth.
With fuel-efficiency improvements being important to the Indian market, aluminium components are expected to play a key role in supporting OEMs to meet their consumers’ expectations.
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