London: The global technology firm founded by non-resident Indian Lord Swraj Paul, Caparo Group Plc. intends to be India’s largest automotive technology supplier by 2009.
“The group already has 22 sites and more than 2,000 direct employees in India, with a further nine sites planned. This year, we are announcing plans to continue our rapid growth in the country, with particular emphasis on supporting India’s thriving automotive sector,” Angad Paul, Lord Paul’s son and the company’s CEO, said on Wednesday.
Caparo’s development in India began in 1994 with a joint venture with India’s largest car manufacturer, then known as Maruti Udyog and since renamed Maruti Suzuki India Ltd, and has continued with several wholly owned ventures.
The company’s automotive business arm, Caparo Vehicle Products, has considerable expertise in light-weight metal products, including machining and aluminium casting, fasteners and high-precision tubing, as well as in systems and module integration, carbon composite structures and high-performance braking systems.
“We have a deep and growing capability in vehicle technologies, supported by local design and manufacturing facilities,” Paul said.
The company’s expertise can be used to help deliver sophisticated, globally competitive vehicles, or to create low-cost vehicles that most people can afford, he said. “With our new Caparo Vehicle Products business coordinating the entire resources of Caparo worldwide to benefit the automotive industry, we are perfectly positioned to support this exciting period of rapid development in the Indian auto industry,” Paul said.