Auto parts maker Motherson Sumi Systems Ltd plans to spend about Rs 5 billion in 2011/12 to expand capacity, its chief operating officer said on Thursday.
The company plans to commission six plants in India, Hungary and South Africa in 2011, Pankaj K Mital told Reuters over telephone. The company earlier reported a 41% rise in consolidated profit in October-December to Rs 1.06 billion and a 17% growth in sales to Rs 20.83 billion.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
