Chennai's Mando India, a 67:33 JV between Mando Corporation of Korea and the
Anand Group based in Delhi, is likely to supply brake and suspension components
for several of its global OEM customers including Volkswagen and Renault.
Mando India manufactures brake and suspension systems. It has signed a technical licence agreement with Continental
Teves of Germany to make brake systems for Ford India and Mahindra Renault.
According to sources, the company also plans to increase capacity from 0.8 to
one million sets a year. The new plant will come up in the existing premises and
the company is working out the investment required for the project.