Published On:February 8 2010
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Advik to diversify, plans new plant
New Delhi: Auto components manufacturer, Advik will set up a new plant in Maharashtra as part of the company's plans to foray into the four-wheeler products segment.
The auto parts maker is active in the two-wheeler segment and wants to focus on the car market. Its proposed unit will come up at Chakan near pune and have an annual installed capacity for producing five lakh units of oil pumps and tensioners.
The work on the facility will start by April this year and the project will be completed within 12 months. The company is also investing on capacity expansion for two-wheeler components, including setting up of a new plant and upgrading its two existing facilities. Its two facilities at Chakan and Pantnagar (Uttarakhand) have an annual installed capacity of 1.3 crore units. Work has began on the new plant at Pantnagar that will cater to its two-wheeler clients in the North India.