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Hi-Tech, a global automotive component manufacturer held the ground-breaking ceremony for its ninth plant and its third in Pune. With this addition, the Advik Group now has nine production facilities in India, Indonesia, and Vietnam.
ADVIK Group, headquartered in Pune is a global manufacturer of automotive components and will be investing ₹85 crore to build the new facility, which will have manufacturing, assembling and testing facilities, creating more than 300 new jobs.
The new plant spanning an initial 10,000 sq mt is expected to be operational by August 2019, bringing the total production floor space in Pune to 20,000 sq mt. The company has already started recruitment in manufacturing and related operations, including production, engineering, logistics, and quality.
“Our new plant is an important part of our long-term growth strategy of building ahead-of-the-curve technologies and facilities. With stricter emission and safety norms, increased vehicle electrification and hybridization becoming the new growth drivers, our new plant will help us serve our customers better and stay ahead in the evolution of the technology curve,” said Aditya Bhartia, Managing Director, in a press statement.
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