Sundaram-Clayton to invest Rs 750 cr for expansion in India and US

Sundaram-Clayton Limited (SCL), a flagship company of the TVS Group and a manufacturer of aluminium cast products for automotive OEMs, plans to invest about Rs 750 crores to enhance its capabilities in India and the US. While it will spend Rs 400 crore over 3 years to expand its facilities in India, the company will invest additional Rs 350 crores to set up a greenfield production plant in the US – SCL’s first manufacturing facility outside India.

As per the plan, the investment in India will raise its capacity from 60,000 MT to 70,000 MT. The planned investment will enable SCL, which has 4 manufacturing plants situated in the country, to cater to the growth that it expects from the Indian market. “Over the last decade, the automotive components industry in India has grown three times in size and exports have grown rapidly as well. I believe that there is a bright future for Indian auto component companies both in India and in the export market. I am also confident that India will be among the fastest growing markets globally in the next few years and we will continue to invest strongly and grow in India,” commented Dr Lakshmi Venu, joint managing director, Sundaram-Clayton Limited.