Sundaram-Clayton Ltd, a TVS Group company, has set up new foundry at an investment of Rs 150 crore in Oragadam near here.
The plant, which would primarily serve auto major Hyundai Motor India, would also meet the growing demand for automotive products, a company statement said.
Hyundai Motor India Managing Director and CEO, Young Key Koo formally inaugurated the facility recently.
Sundaram-Clayton Ltd, Joint Managing Director Lakshmi Venu said "at SCL we are committed to work closely with customer as possible.
This facility reinforces our drive to serve our customers by cutting down supply times because of proximity to their factories."
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