Inteva Products to expand manufacturing facility with $3.3M investment
The global leading automotive system and component company Inteva Products LLC has declared an investment of $3.3 million at Chakan, Pune with the expansion of its production facility with the expansion for enhancing production capacity and operational efficiency.
Company would expand the production space by 70% to 85,000 square feet. Inteva would add 26,000 square feet of office space and increase manufacturing space. The new production lines in the expanded facility would focus on major automotive components such as window regulators, latches, and window regulator motor assemblies. The company feels that this investment would strengthen its supply chain and enable it to enhance its ability to support its existing customers and the new market demands within India.
This also further signifies Inteva's long-term commitment towards India and focuses on its core manufacturing location of the global automotive supply chain. In fact, it would amplify the capabilities of its plant in Pune and strive to be an integral part of India's growth into a major global automotive player.
This investment reflects our continued commitment to the Indian market, said Gerard Roose, president and CEO of Inteva Products. "The need for high-quality automotive components is growing steadily. This investment will create better capacity to meet our customers' demand while providing valuable local employment opportunities".
The Pune facility of Inteva is said to be manufacturing some of the most critical auto components, including side door latches and liftgate latches, window regulators and motors. The list of customers includes most Indian automotive majors in the country such as Mahindra & Mahindra, Tata Motors, Stellantis, Volkswagen, Hyundai, MG Motors, and Force Motors. This plant serves as an important source of supply in the global automotive supply chain as the facility also exports window regulator motors to South Africa and North America.
This expansion will allow it to better supply more localized, high-quality components to its customers in the face of changing requirements that they encounter. Our ongoing investments in advanced manufacturing capabilities are reflective of our commitment to continued innovation and operational excellence", Sanjay Kataria, Vice President and Managing Director for Inteva India.
