Auto component maker Anand Group today said it would invest Rs 1,400 crore over the next four years to expand its existing businesses and triple its turnover to around Rs 9,000 crore by 2014. The Group had a turnover of Rs 3,200 crore last year.
Deepak Chopra, chief executive officer, Anand Automotive, said, The domestic auto industry is growing at a very healthy rate and it is likely to continue for the next few years. To cater to the demand and for our organic growth plans, we have earmarked an investment of Rs 1,400 crore for the next four years.