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Vehicle interior specialist IAC to invest Rs 100 crore in India, increase capacity

The Rs 100 crore investment will be done across three locations — Pune, Manesar and Nashik.

August 16, 2017 / 03:47 PM IST

Automotive interior specialist International Automotive Components (IAC) has lined up investments of Rs 100 crore for capacity augmentation in India for this year and the next.

The Luxembourg-headquartered company specialises in instrument panel and consoles, door systems, headliner and overhead system, flooring and acoustic systems.

Gajanan Gandhe, Senior Vice President, Asia Operations at IAC, said: “The investment will be towards augmenting of capacity to support new business awards with Suzuki, Mahindra, VECV and Force Motors. IAC India’s primary focus for growth will be in the Instrument Panels/Cockpit assembly, Door Panels, Floor Console, Headliner and Overhead Systems and Interior/Exterior trim”.

In June, the company inaugurated a new regional and global engineering centre in Pune that will focus on application development engineering to support the vehicle interior needs of domestic and global customer programmes.

The engineering centre will provide a key competitive advantage to IAC India for supporting indigenisation of new programmes and building local talent and capability. The total head count at this engineering center will be between 150-180.

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“It will also serve IAC’s global locations for providing high quality engineering services which are increasingly being demanded by our global customers”, added Gandhe.

The Rs 100 crore investment will be done across three locations — Pune, Manesar and Nashik.

The Manesar plant will be able to support expansion up to 500,000 vehicles and Nashik for up to 300,000 vehicles upon completion of the expansion programme.
Swaraj Baggonkar
first published: Aug 16, 2017 03:47 pm

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