Sansera Engineering is planning to incur a capex of Rs 300 crore in FY24, which would be utilised in the area of non-auto and auto-ICE categories, including capacity expansion and machining facility.

The company has commenced the construction of a new facility to house all the aluminium forged and machine product categories of components at its existing plant in Bidadi, Bengaluru. The brownfield expansion project is expected to be completed by the end of this year to strengthen its presence in the tech-agnostic and xEV segment, including aluminium components.

In FY23, the company had invested Rs 244 crore as capex for technological upgradation and adding production lines to support its growth in the non-ICE segments.

The maker of precision-forged and machined components has established 16 factories loacted near OEM production facilities across India and one in Sweden.