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Firms looking closely at Gujarat for investment in auto sector

Firms looking closely at Gujarat for investment in auto sector
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First Published: Thu, Jul 28 2011. 11 06 PM IST
Updated: Thu, Jul 28 2011. 11 06 PM IST
• PSA Peugeot Citroen SA is in advanced negotiations with state government to set up a plant, preferably around Sanand. The French car maker aims to invest around Rs4,000 crore in a new facility with a capacity to produce 300,000 units a year
• Maruti Suzuki India Ltd’s top officials recently announced their plans to invest Rs6,000 crore for setting up a car manufacturing plant with a capacity of one million units per annum
• Senior officials of Bajaj Auto Ltd are planning to meet chief minister Narendra Modi to explore the option of setting up a two-wheeler manufacturing facility at Kutch. The factory, with an annual production capacity of around five million units, will require an investment of Rs1,000 crore
• Hindustan Aeronautics Ltd is in talks with the state for setting up a Rs4,000 crore project for design, development, manufacture, repair and overhaul of aircraft, aero engines and helicopters
Major investments so far in Gujarat’s auto sector
• General Motors India Pvt. Ltd has invested Rs2,000 crore in its plant at Halol in Vadodara and is in the process of investing around $250 million (around Rs1,100 crore) more
• Tata Motors Ltd has invested Rs2,900 crore for its Nano plant in Sanand
• Bombardier Transportation India Ltd. has invested Rs207 crore to set up its wagon manufacturing plant at Savli in Vadodara district
• CEAT Ltd, the flagship company of RPG Enterprises Ltd setting up a tyre making facility in Halol with an estimated investment of Rs1,500 crore
• Asia MotorWorks Ltd, manufacturer of heavy commercial trucks has invested Rs1,400 crore to set up its factory at Bhuj with an annual capacity of 50,000 vehicles
• Apollo Tyres Ltd has invested Rs2,000 crore to set up tyre manufacturing facilities in Limda in Vadodara district
• Atul Auto Ltd, a Rajkot based three-wheeler company has invested Rs63 crore for setting up a 24,000 per annum capacity in Shapar near Rajkot
• Electrotherm (India) Ltd has set up a electric two-wheeler manufacturing facility in Ahmedabad with a installed capacity of 250,000 unit-per annum. The company sells the electric bikes under the brand name Yo Bykes. The company is also developing an electric 3 Wheeler and a hybrid Electric Bus.
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First Published: Thu, Jul 28 2011. 11 06 PM IST
More Topics: Auto | Cars | Vehicles | Gujarat | India |