Comments
Jaya Hind Montupet’s new Greenfield facility at Dewas in Madhya Pradesh is set to go into production in June 2015. The plant will make aluminium cylinder heads for the automobile industry.
JHM, a 50:50 joint venture company between Pune-based Jaya Hind Industries (a Firodia group company) and Montupet SA of France, is investing Rs 200 crore in the first phase of the project.
Dragon engines
Production will kick-off at Dewas with components for Dragon engines – the programme for small petrol engines being developed by Ford. India is the lead country for the Dragon programme.
“We are in discussions with other clients, and expect to sign one more contract with an international passenger vehicles manufacturer shortly,” Prasan Firodia, MD, Jaya Hind Montupet, said.
The joint venture, which is basically for gravity die cast products, already supplies cylinder heads for automakers like Mahindra and Mahindra from an existing plant at Urse near Pune which has been transferred to the company.
Capacity expansion
In the first phase of investment, JHM’s Dewas plant will have an installed capacity of 300,000 units per year. A second phase for capacity expansion has also been planned.
“The second phase will call for investment of another Rs 250 crore and our plan is to build capacity for one million cylinder heads,” Firodia said, adding that the second phase of investment will not be triggered until the existing capacity utilisation is on the cards.
Jaya Hind Montupet also has the mandate to cater to the requirements of auto OEMs in China, South East Asia and the Far East. While export from India is possible, if the volumes are high enough it would make sense to set up a dedicated facility overseas, Firodia said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.