Auto parts firm Stanadyne to invest Rs 200 crore for second plant

Stanadyne's only plant in India is in Chennai and it employs about 700 people

Deepak Patel New Delhi
gear line, manufacturing, economy, growth, PMI

US-based auto parts maker Stanadyne is exploring a few locations in western and northern India to establish its second plant in the country. For this, the company plans an investment of Rs 200 crore, said its chief executive officer (CEO) John Pinson.
Stanadyne is planning to triple its sales revenue from its India operations to about Rs 1,100 crore by 2027, Pinson told Business Standard.
The company manufactures fuel pumps and fuel injectors for agricultural and commercial vehicles. It sells them to automobile companies such as Bajaj Auto, Greaves, TAFE and Simpson.

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Topics : Companies

First Published: Jan 17 2023 | 9:07 PM IST

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