You are here: Home » PTI Stories » National » News
Business Standard

Rane TRW Steering sets up new unit at Tiruchirappalli

Press Trust of India  |  Chennai 

Steering Systems, a joint venture between Group and Germany-based ZF Group, has set up a new facility for manufacturing 'occupant safety products' in

The unit would address the market demand and capacity to localise cutting of fabrics and airbag cushion manufacturing for domestic and overseas markets, a company release said Tuesday.

The city-based firm said it has invested around Rs 400 million in the new facility, which would have an initial capacity of producing 0.50 million modules per annum of air bags and one million units per annum of seat belt assemblies.

"This new state-of-the-art facility will help us address increasing demand for and enable us further localise airbag cushion manufacturing," Group said.

Lakshman is also the of Rane Steering Systems Pvt Ltd.

The company has planned to ramp up the production of airbags to one million modules per annum and two million units of seatbelt assemblies in the next two years, which would attract additional investments of Rs 250 to Rs 300 million.

"These investments are aligned with the goal to bring best-in-class technology to help customers with enhanced safety," it said.

On the new unit's opening, Passive Safety Systems division said the Indian market is increasingly important for the ZF Group and particularly for their division.

"Bringing to the Indian market underlines the growing importance of this region for the automotive world," Suresh KV said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 16:30 IST
RECOMMENDED FOR YOU