Italian group, Sogefi has expanded its footprint in India with the setting up of a new facility of Allevard-IAI in Chakan to make auto components.
Allevard-IAI is a 51:49 JV between Sogefi Group Company, Allevard Rejna Autosuspensions and Imperial Auto India formed in 2010 to make elastic suspension components.
Set up with an investment of Rs 25 crore, the Chakan facility will manufacture around 500,000 units of stabiliser bars and torsion bars for passenger cars and utility vehicles.
To start with, the new plant will supply to Tata Motors Ltd, Mahindra & Mahindra Ltd, Fiat and Piaggio Vehicles Pvt Ltd.
Talks are also underway to serve the needs of Sogefi Group's other global customers, including General Motors, Renault-Nissan and Ford by providing to their facilities in India and the Asia Pacific, said Mr. Emanuele Bosio, CEO, Sogefi Group.
The company may also enter the heavy trucks sector. “We are under pressure from our European customers to supply suspension parts for heavy duty trucks,” said Mr Bosio.
Sogefi already has two other manufacturing facilities in India in Bangalore and Gurgaon and has invested Rs 65 crore in India so far.