Bonfiglioli, Italian supplier of solar inverters in India, intends to produce the inverters in India.
However, the company has not disclosed other details of the proposed plan. Presently, the inverters come from Germany. The company already has two manufacturing plants near Chennai where it produces a range of products such as gear boxes, motors and drives. In the last two years, the company has invested Rs 120 crore in India operations. Also, plans are afoot to invest Rs 40 crore in the next two years.