Groupe PSA and AVTEC Ltd (a CK Birla Group Co.) inaugurated their greenfield plant in Hosur, Tamil Nadu. This marks the formal start of indu...
Groupe PSA and AVTEC Ltd (a CK Birla Group Co.) inaugurated their greenfield plant in Hosur, Tamil Nadu. This marks the formal start of industrial set up of this site, which will manufacture and supply eco-friendly powertrain for the global and domestic market, in-line with the future industry norms. The initial manufacturing capacity of this state-of-the-art plant will be about 3 lakh units per year for the transmissions and 2 lakh units for the BS 6 compliant engines. The manufacturing set up has been completed in a record time of less than 2 years.
The plant will manufacture gearboxes in Phase I to support both the India project as well as supplying Groupe PSA needs. The peak investment in this manufacturing set up would go up to Rs. 600 crore and will generate direct employment of around 800 people.
The plant will manufacture gearboxes in Phase I to support both the India project as well as supplying Groupe PSA needs.
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Carlos Tavares, Chairman of the Managing Board Groupe PSA said, "We want to be Indian in India. With this inauguration, we have taken another critical step towards the execution of our Push to Pass strategic plan and commitment towards the Indian customers. The quality of the relation with our partner, the CK Birla Group, is paramount to the success of our common project, with the creation of a complete eco-system in India."
We expect a product launch in either 2019 or the 2020 Indian Auto Expo
The plant is owned by PSA AVTEC Powertrain Pvt. Ltd., a 50:50 joint-venture created in 2017 between Groupe PSA, France and AVTEC. It benefits from Groupe PSA latest technology and the CK Birla Group's engineering and manufacturing expertise.
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