Jai Suspension System Ltd, a wholly owned subsidiary of Jamna Auto Industries Ltd, one of the top seven suppliers of commercial vehicle leaf & parabolic springs in the world, announced commencement of commercial production of suspension springs at its new facility at Pant Nagar in Uttarakhand.
Mumbai, Maharashtra, India, October 21, 2008 (PRESSbooth.ORG) -- The new plant has a capacity of 24,000 MTPA and will assemble leaf and pa ra bolic springs.
The new plant will primararily cater to the requirements of TATA Motors (for their ACE, a mini truck model) and Ashok Leyland who have set up manufacturing facilities at Uttarakhand. The company has received its first tranche of orders from Tata Motors which manufactures around 800-1000 units per day from their Pant Nagar facility.
The company has spent around Rs 3 crore in setting up this plant and plans to augment the capacity to 24000 MTPA by end of fiscal 2008-09. It will also cater to the after market segment from here.
Commenting on the commencement of production, Mr Randeep Jauhar, CEO - Jamna Auto Industries Ltd said, “This new facility is in line with our expansion plans that were announced at the beginning of the financial year and we are pleased over the completion of the first phase. Our greenfield expansion at Jamshedpur is also on track. Pant Nagar as a destination was considered on the back of the company’s philosophy of setting up manufacturing facilities close to our client’s base, to derive optimum cost efficiency. This new plant will cater to all models of Tata Motors and Ashok Leyland which will be produced from their Uttrakhand facility. We are optimistic that Jamna Auto will soon emerge as one of the top three producers of springs in the world.”
About Jamna Auto Industries:
Started as partnership firm in 1955, Jamna Auto Industries Limited (BSE: 520051), is one of the top seven suppliers of commercial vehicle leaf & pa ra bolic springs in the world. Jamna Auto commands market share of 60% in domestic market and is a leading supplier of springs to lot of OEMs including Eicher Motors. Jamna’s current capacity is 114,000 MTPA and is going ahead with 60,000 mtp greenfield plant at Jamshedpur to cater to Tata Motors.
Jamna Auto’s customers include Tata Motors, Ashok Leyland, Eicher Motors, Volvo, Swaraj Mazda, Ford India , General Motors, Suzuki and Toyota . The company’s products have been approved by the reputed OEMs world wide like Daimler, Volvo, General Motors and Ford.
www.jaispring.com
Contact:
Shakti Goyal/Amit Kashyap
Jamna Auto Industries Ltd
Tel: +91 11 26895312
Fax: +91 11 26893192
Email: sgoyal @ jaispring.com/
amit @ jaispring.com
Hemant Batra / Chaitali Raval
Adfactors PR Pvt. Ltd.
Tel: +91 22 22813565
Fax. +91 22 22813569
hemant @ adfactorspr.com / chaitali @ adfactorspr.com
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