Asahi India Glass today said it will invest Rs 500 crore to set up a greenfield automotive glass plant in Gujarat to primarily meet the automotive glass requirements of Maruti Suzuki India new facility in the state.
Asahi India Glass will make an investment of up to Rs 500 crore in the facility located near Mehsana in two phases, which will be implemented in modules, the company said in a statement.
In the first phase, the plant will have capacities to produce 1 million laminated glasses and 1.2 million tempered glass sets per annum.
Also Read
"Our symbiotic relationship with Maruti Suzuki India will be further strengthened with this greenfield investment near Maruti Suzuki's Gujarat plant. The new plant will be a state-of-the-art facility, equipped with the latest global technologies in automotive glass, and will also have the ability to manufacture the entire range of higher value-added automotive glass products," Asahi India Glass Managing Director and Chief Executive Officer Sanjay Labroo said.
He added that the company will continue with its expansion programmes, both greenfield and brownfield, to further strengthen its position as a value-added and integrated glass company.
Disclaimer: No Business Standard Journalist was involved in creation of this content
