Varroc Engg sets up mobike catalyst plant

Varroc Engg sets up mobike catalyst plant

By agencies   |   Monday, 20 February 2006, 08:00 Hrs
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PUNE: Varroc Engineering Pvt Ltd, in technical collaboration with Delphi Corporation, has set up a motorcycle catalyst manufacturing plant in Chakan.

The Aurangabad-based Varroc, manufactures and supplies components and assemblies for two-, three- and four-wheeler industries, both for the domestic market and exports.

Announcing the opening of new plant, Varroc Engineering (P) Ltd’s Managing Director, Tarang Jain said, “The new plant - Varroc Exhaust Systems Pvt Ltd - set up at an investment of $1.81 billion, would have a production capacity of 1.6 million catalytic converters.

He said the current capacity would be fully utilized by Bajaj Auto Ltd. The company would be expanding its capacity in the next four months and would have a production level of 3.6 million catalytic converters. For this, the company would be investing an additional $0.45 billion, he added.

Jain said the alliance would focus on sales to Bajaj Auto with the potential to supply to the other motorcycle OEMs (original equipment manufacturers) in the country.

On this occasion, Bajaj Auto Ltd’s Managing Director, Rajiv Bajaj said, “Bajaj would increase its capacity of motorcycle production by one million vehicles.” The current capacity of the company stood at three million units and said this would be carried out within three years.

BAL would be making an investment of $50 million for the setting up of a new facility. He however declined to give any more details.

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