Sundaram-Clayton (SCL), a manufacturer of automobile parts and a flagship company of TVS group, is planning to make an investment in India and US, along with its subsidiary.
The company plans to invest Rs 400 crore over a period of three years to expand its facilities in India. It will increase its manufacturing capacity from 60,000 tonne to 70,000 tonne.
The company also plans to set up its manufacturing facility in US. This will be the company’s first manufacturing unit overseas. It will make an additional investment of over USD 50 million to set up 10,000 tonne of capacity over a period of five years. The facility will spread over 50 acre greenfield site in Dorchester County, South Carolina, US.