Canadian auto components, Magna International, has set up a ladder frame manufacturing facility in Pune.
The unit was set up with an investment of around Rs 250 crore. It is a brand new manufacturing facility and the company will supply the frames exclusively to Mahindra & Mahindra.
On its part, Mahindra will invest about Rs 130 crore for tooling of the ladder frames at the facility.
This unit has already started manufacturing 225 ladder frames in a month, through a wholly-owned unit, Cosma International. Magna International is setting up two new manufacturing units in Sanand, Gujarat. It will take its manufacturing locations tally in the country to 11, after the commissioning.
Apart from this, Magna entered into a joint venture with Tata Auto Comp Systems to develop seats for commercial vehicles in India.
More Project Info:
Ladder Frames (Pune) Project