Fenner plans Rs 75cr spread, two new units

 Attracted by the business potential of the automotive components sector, which is likely to grow to $35 billion by 2015 from the present $6-8 billion, Fenner is looking at launching products like engine mountings, automotive pulleys and rubber components.

 "Value addition is much better in the four-wheeler segment," Singhania said, adding that a lot of US and European companies are looking at outsourcing to India and Fenner would explore the opportunities.