Sundaram-Clayton to set up first overseas facility in US

Company plans to invest around $50 mn in US, around Rs 400 cr in India

Sundaram-Clayton Limited (SCL), a flagship company of the $7 billion TVS Group, to set up its first manufacturing facility outside of India with an additional investment of over $50 million (around Rs 350 crore)

The company is a leading manufacturer and supplier of aluminum cast products to global automotive OEMs.

Dr. Lakshmi Venu, Joint Managing Director, Sundaram-Clayton Limited (SCL), who is also the daughter of TVS Motor Chairman Venu Srinivasan said that the company plans to invest for growth both in India and in the US along with its subsidiary.

The company plans to invest Rs 400 crore over 3 years to expand