Suprajit Engineering plans unit in Haridwar
Suprajit Engineering Limited, the Bangalore-based automobile components maker is setting up a manufacturing facility in Haridwar to produce automotive cables at an investment of approximately Rs10 crore. The proposed unit will have an installed capacity to manufacture 5-6 million cables per annum and will commence production early next year.
Elaborating on the reasons behind the decision, Ajit Kumar Rai, the company MD said that the company has been given a seven-year tax holiday and exemption on excise duty which was likely to reduce production costs benefiting their customer base. Suprajit manufactures the entire range of automotive cables for clients like Bajaj Auto, Hero Honda, TVS Motors, Tata Motors, M&M, General Motors and Suzuki among others.
The plant in Haridwar will be SEL’s 10th in the country. It presently has five plants in Bangalore, of which, one is 100% export-oriented unit, one plant each in Chakan near Pune, Wapi, Manesar and Pantnagar. It has also been allotted land at Sanand in Gujarat adjacent to Tata Motors’ forthcoming plant to manufacture Nano cars.