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T N to become tyre capital with global majors projects

After Michelin, Bridgestone, J K Tyres are planning to set up tyre plant in Chennai. Already around Rs.45000 million investment had been made in the last few years and projects are at completion and the government of Tamil Nadu expects fresh investments of around Rs.56,000 million. Chennai is an ideal place, as major OEM’s are around and with port facilities, they can import raw materials as well as tap export market. If all the car projects goes through, Chennai will have a capacity of around 1.28 million cars, which will fuel a good demand for tyres here.

Amara Raja Batteries plans green field facility

Amara Raja Batteries is planning to invest Rs. 1900 million to set up a green field plant in the first phase. Currently, the company's Chithoor plant had reached optimum capacity where it caters to four verticals. The new plant will have 60% of Chithoor plant capacity and will be developed over a period of 5 years in phases. It may be noted the Chithoor plant - four wheeler segment had been recently expanded to 5.6 million units and trial operations are under way.

Peugot Citroen sets up facility in Sanand

PSA Peugot Citroen is setting up a manufacturing unit in Sanand in Gujarat. The company had conducted a ground breaking ceremony in September 2011. Initially it will set up a petrol and diesel engine unit with a capacity of 100,000 units per annum. The production facility is likely to be completed by 2014. It also plans to introduce Peugot 308 -C Segment car in India.

John Deere to set up tractor unit in Dewas

John Deere, a US based company is planning to set up a greenfield plant to manufacture tractors in Dewas in Madhya Pradesh. The project cost is estimated at USD 80 million and will have a capacity of 49000 units. It is likely to go operational in 2013.

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