The Spark Minda, Ashok Minda Group has inaugurated its new state-of-the-art die casting manufacturing plant at Chakan, Pune by its flagship company Minda Corporation. The Group’s third die casting facility is exclusively for aluminium gravity die casting and low pressure die casting with machining in Pune for two- and four-wheelers.
Minda Corporation has made an initial investment of Rs 100 crore in the new unit. The company already produces aluminium and zinc die casting machine components at its Greater Noida and Pune facilities for turbocharger systems, braking systems, handle mounting components and engine mounting components.
The new plant, which is equipped with a Competency Centre for Excellence for Gravity Die Casting and Low Pressure Die Casting, in Pune will cater to both the domestic market and exports. The Group has already received significant export orders worth more than Rs 100 crore of annual business from the European passenger car market.
Ashok Minda, Group CEO, Spark Minda, Ashok Minda Group (pictured above) said, “Spark Minda follows a strict principle of quality and customer focus. We always cater in the best possible manner for our products and technological demands. Establishment of our new plant at Pune will enable the Group to cater to the rising demand for die casting components for Indian and global automotive customers.”
N K Taneja, Group chief marketing officer, said, “The automotive industry is undergoing a huge overhaul with rising technological advancements where we see combined demand coming from national and international markets. Spark Minda has been a strong player in gravity die casting. The new plant will develop and integrate products with ourrecently inaugurated Technical Centre (Spark Minda Technical Centre - SMIT) located at Chakan, Pune.”
Source: Ashok Minda Group