Cosma International, a division of
Magna International, Canada has finalised its plans to set up a wholly owned
subsidiary to make auto components in Pune.
The company has taken its decision to
start the subsidiary after bagging the order from european car manufacturer who
is also setting up plant in India. The proposed facility will start with the
assembly operations of sheet metal stampings sourced from local vendors and
supply to the customers. Over a period of time, it will start stamping
operations and supply of body systems to the customers.