Rasandik to set up three-wheeler plant near Mysore

Haryana-based Rasandik Motors Pvt. Ltd., an arm of the Rasandik Engineering Industries India Ltd. manufacturing automobile componets, will set up a plant near Mysore to assemble and subsequently manufacture three-wheelers at the Nanjangud industrial estate.

“We are planning the three-wheeler plant by year-end. We have 20 acres for the purpose,” Rasandik vice-president (commerical) Mohan Lal Sukhal told Business Standard on the eve of showcasing the company’s seven variants of three wheelers, consisting of one passenger and six commercial vehicles.

The three-year-old 170-employee plant at Nanjangud manufactures around 500 frames per day for the TVS Apache motorcycles.

“Assembling the spares procured from the Greater Noida plant at Delhi will be the first phase of the Najangud project. This will offer us a logistic advantage of saving costs. Instead of getting six three-wheelers in a vehicle paying Rs 30,000 transport charges, getting spares would cost us only about Rs 5,000 and assembling cost around Rs 1,000, besides direct supervision of quality control and sales,” director M S Ramaprasad said.

Earlier also Rasandik, he said, was procuring frames from its Gurgaon plant and supplying to the TVS at Kadakola (Nanjangud).

“Subsequently, we took up the manufacture of frames in Nanjangud alone. Now cent per cent supply to TVS is made from the Nanjangud plant. This has provided employment for about 250 people. Almost all of them are locals. We are adopting the same strategy in respect of vehicles too now. In the second phase, we propose manufacturing as well, excepting the engine,” Ramaprasad said.

The Rs 300 crore and 1,200 employee Rasandik Engineering Industries is manufacturing a variety of automobile components at its four plants at Sohna, Greater Noida, Pune and Nanjangud. Its client list comprises tier one to almost all major auto giants like Maruti, Tata, General Motors India, Volkswagen, Mahindra Renault, Toyota, Honda, Fiat India, Cummins, TVS, New Holland Tractors etc.

“We are involved in the low-cost Nano cars also. We have supplied fuel tanks and 3-4 other components,” Sukhal said.

After graduating from automobile parts to manufacturing Rasandik Motors is launching its second event in Mysore displaying all the seven variants of the three wheelers — 3+1, 6+1 and 7+1 passenger auto, loader, delivery van, mobile shop van, garbage collector, garbage tipper and chassis, he said.