Spicer India Ltd., a joint venture company of Dana Holding Corporation, USA, and Anand Automotive Systems today announced the groundbreaking for a new hypoid gear manufacturing facility and testing center in Chakan, Pune, India.
Indian OEMs today operate on new vehicle platforms in the MUV / SUV / LCV segments. Recognizing this growing customer need, Spicer India plans to expand its services to the Indian automobile industry
“Indian-based OEMs are demanding improved efficiency, power density, fuel economy, torque-carrying capacity, and weight reduction,” said Mr. James E. Sweetnam, President and CEO of Dana Holding Corporation, a world leader in axle and driveshaft technology. “In response, Dana has developed the AdvanTEK® series of axles to meet these growing customer requirements, and we are pleased to announce that – with these new and expanded facilities – we will be positioned to manufacture these axles in India.”
AdvanTEK axles comprise specially designed and manufactured hypoid gears with high power density. To produce these gears, Spicer India is constructing a 50,000 sq. ft. ”greenfield” gear manufacturing facility in Chakan, near Pune, to produce 240,000 gear sets annually. At full capacity, the facility will employ approximately 130 skilled people. Gears manufactured in this facility offer the following significant advantages to the customer of higher power transmission, higher torque and better NVH.
Mr. Deepak Chopra, CEO, Anand Automotive Systems, said, “In the last few years, Indian OEMs have aimed at achieving world-class quality of vehicles manufactured here and meant for domestic and international markets. With this new gear plant, Spicer India will have contributed in its own way to help achieve this motive. This investment represents our ongoing commitment to the Indian automotive market.”
Mr. B.D. Singh, COO, Spicer India Limited said, “The setting up of this new facility represents another important milestone in Spicer India’s roadmap to growth. As leading OEM suppliers in the country, we are pleased to be in a position to keep pace with our customer requirements and in meeting market demands”.
About Spicer India
Spicer India Limited, established in 1993, is a leading supplier of axles, driveshafts (also known as propeller shafts) and drivetrain products, as well as genuine service parts. The company provides complete system solutions to OEMs and the related aftermarket in India and also has been the major exporter to Dana Holding Corporation. Spicer India Limited products are marketed through a network of dealers and retailers across the country in the aftermarket.
The company, which has a customer base of virtually all major OEMs in the automotive, commercial vehicle, and off-highway markets, is a joint venture between Dana Holding Corporation, USA, and Anand Automotive Systems.
About Dana Holding Corporation
Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets. Based in Maumee, Ohio, USA, the company employs approximately 23,000 people in 26 countries and reported 2008 sales of $8.1 billion. For more information, please visit: www.dana.com.
About Anand Automotive Systems
Anand Automotive Systems is a leading manufacturer of automotive components and systems in India, supplying to virtually every vehicle and engine manufacturer in the country.
With a large range of automotive components, the Group has a sales turnover of USD 700 million, targeting to achieve $ 1 billion by 2012.
In 1961, the Group started its operations with the establishment of Gabriel India, the Group's flagship Company in Mumbai for manufacturing Shock Absorbers. Today, the Group comprises 19 companies with 38 business units spread in eight states across the country India, employing 7,500 people.
Overall, the strength of Anand Companies lie in their strong brand image, widespread distribution network, product range, excellent quality, extensive Original Equipment coverage, Export markets.
