New Delhi: Car air-conditioning manufacturer Subros on Tuesday said it will invest Rs 140 crore to expand its manufacturing capacity by five lakh units by the end of 2012-13.
“We had a plan to invest Rs 80 crore in expanding the capacity by March next year, which will now be postponed till September 2012,” Subros chairman Ramesh Suri told reporters on the sidelines of the Automotive Component Manufacturers Association of India (ACMA) summit.
The company will invest Rs 60 crore more in the next fiscal to expand the capacity further.
“After the expansion, our production capacity will be increased to 2 million units per annum from the existing 1.5 million units a year,” he said.
The company has five manufacturing facilities in Manesar, Pune, Sanand, Nasik and Chennai.
Some of its major customers include Maruti Suzuki India and Tata Motors.
When asked about the impact of the labour unrest in Maruti Suzuki India’s Manesar unit Suri said: “The volume is obviously going down in the last two three months because of the strike and slowdown, but these are temporary phases.”