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Setco to set up spring manufacturing facility in Kalol

Setco Automotive Ltd, is planning to set up a spring manufacturing facility in Kalol near Vadodara in Gujarat with an investment of Rs. 1000 million. The company produces automotive clutches and is currently importing springs for its clutches and this backward integration programme will help to save 30% of its cost and reduce dependence on imports. The company supplies to Tata Motors, Ashok Leyland and Daimler for heavy vehicles.

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