US based International Automotive
Components Group (IAC) is planning to set up its new manufacturing and
engineering plant at Chakan in Pune.
The project to be spread across 12.5
acre, will manufacture vehicle interior components and systems, including
instrument panels, cockpits and door assemblies, entailing an investment of $25
million (approx. Rs.100 crore).
The project is scheduled to be
completed by the third quarter of 2009.