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Wheels India draws out capex plan
14 August 2010: Wheels India is planning to invest around Rs 65 crore by 2012.
The company will invest around Rs 45 crore during the current fiscal in its existing seven plants to increase capacity. Besides, the company has received approval from its board to invest Rs 20 crore during the next fiscal. The passenger car lines at its north India plants will be increased to 15 million wheels from the current 12 million by the end of 2010-11. Similarly, tractor wheels capacity will be increased by 20 per cent, according to soruces.
Source: Business Standard