Fasching To Invest In A Facility In India

With an eye on the regulations as well as the growing CV market, Fasching is planning to invest in a new safety belt facility in India

- Bhargav TS

Austria-based Fasching Salzburg GmbH entered India almost a decade ago. Starting by visiting various exhibitions and shows, the company has come to steadily build a customer base in the country. Specialising in the development of safety belts for buses, coaches, LCVs, trucks and wheelchair applications, the company offers a wide range of two point, three-point and special belts in different versions and technologies like static, ALR, ELR and buckles. Planning to invest in a new safety belt facility in India with an eye on the growing CV market, Fasching is keen to leverage its global product portfolio to address the local needs.

With the global product portfolio of the company comprising of automatic locking retractors, emergency locking retractors, two-point belt systems, three-point belt system, buckles, and special solutions like H-belts, bicycle tethers, fall protection belts, YoYo belts and five-point belt systems, Fasching is looking at investing in the region of Euro 10 million towards the building of the new facility in India. Selling between 60,000 and 80,000 seat belts in India for the past four to five years, the company, according to Harald Pessl, Director, is looking at the Indian market contributing a good deal to the company’s growth aspirations. “If we want to grow further, we need to have our local manufacturing footprint in India,” said Pessl.