Nothing can be commented on the Indian economy, growth, development and expansion. At one end of the scale, car manufacturers are cutting down production and on the other end auto supportive companies are expanding their reach in the Indian market.
Delphi is among one such company that is planning to establish its manufacturing plant in Chennai to produce electronics and safety management system products for vehicles. You won’t believe but its true that the company is making an investment of Rs 300 crore. This unit will produce products like seat belts, airbags, immobilizers and microprocessor-driven controls.
Is the investment worth? Is this right time for expansion? No one knows the answer to this but the company is all set with the investment and approved land.
Labels: Delphi, Manufacturing-Plant
1 Comments:
As there has been not much beneficial in the Indian car market. It’s the time to think for every company that is engaged or going to get engaged with the car industry as already the market is suffering badly due to the increase fuel costs and steel. One should think twice whether it is the right time to start up something like this or not. However wish this is really successful that by the time Delphi produces products there should be a boom in the car industry.
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