Auto component major, Anand Automotive, is planning to invest Rs 1,200 crore over the next five years.
The company will make this investment mainly in new products and capacity enhancement for their production. The group has 47 different manufacturing locations across India and the capacity expansion will be done among these existing plants.
Anand Group provides the widest range of automotive products and solutions to every major vehicle and engine manufacturer in the Indian Automotive Industry. It supplies to the likes of BMW, VW and Cummins.
Anand Group has already commissioned its filter plant at Parwanoo in Himachal Pradesh.