Meritor has announced the opening of a new $36.5-million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group along with a state-of-the-art research and development centre in Mysore, India. The new assembly facility expands Meritor India’s production capacity by 25 percent, equipping it to better serve customers in the commercial vehicle, off-highway and defence sectors. The research and development centre will focus on end-to-end testing and validation of Meritor’s domestic and global product solutions.
“As our global business continues to grow, the new facilities in India will support Meritor’s M2022 strategic plan to protect and grow our market-leading positions with best-in-class products and services. They are strong assets that will position us for future growth in the region,” Jay Craig, CEO and President, Meritor, said.
Meritor India’s 18-month project to expand its capacity and capabilities supports the corporation’s M2022 plan by focusing on increasing revenue, enhancing profitability, maintaining manufacturing excellence and delivering customer satisfaction.
“This investment in our business and the expansion of our capabilities significantly enhance our ability to support customers as our markets continue to show growth in the long term,” Thimmaiah Napanda, Vice President and Managing Director, India and Australia for Meritor, said.
Baba Kalyani, Chairman of Automotive Axles and Chairman, Kalyani Group of companies, said, “Strong and continued customer focus, innovation in products and processes and determination to deliver the best to customers has always been key to our success. I am confident that this milestone project will enable us to continue on this successful path as we drive toward the future.”
This story is from the September - October 2019 edition of Auto Parts Asia.
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This story is from the September - October 2019 edition of Auto Parts Asia.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
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