Mann and Hummel Filter to invest Rs 100 cr in India
Press Trust of India / New Delhi Jan 07, 2010, 15:04 IST
Auto components maker Mann and Hummel Filter, a subsidiary of German Mann and Hummel Group, today said it will invest Rs 100 crore in its Indian operations in the next 3-5 years.
"We will invest Rs 100 crore in India in the next 3-5 years to increase production and R&d activity," Mann and Hummel Filter Managing Director Hans-Georg Hummel told reporters at the 10th Auto Expo here.
Part of the investment would go towards setting a new plant in Bawal in Haryana. "We have already purchased land in Bawal. We will begin production there in 2012," he said.
The company currently supplies filters to Maruti and Tata Motors. It also expects to double revenues to Rs 80-85 crore in calendar 2010 from Rs 38 crore in 2009.
The company is a 100 per cent subsidiary of Mann and Hummel Group of Germany.
"The investment of Rs 100 crore would be made by the parent Group," Hummel said.
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