IAC to set up manufacturing unit in Chakan

The US-based International Automotive Components Group here on Friday, announced the setting up of its new manufacturing and engineering plant in Chakan, Pune spread across 12.5 acres.

The US-based International Automotive Components Group (IAC) here on Friday, announced the setting up of its new manufacturing and engineering plant in Chakan, Pune spread across 12.5 acres.

Addressing a press conference, Jim Kamsickas, president and CEO of IAC Group North America and Asia said the new facility would help the company better to cater to the domestic market. “ IAC was awarded new contracts to supply interior and exterior components to Mahindra and Mahindra (M&M) utility vehicle, Mahindra Navistar Automotive Ltd.-medium and heavy truck programme and a Volkswagen Polo small car. All of which will be supported at this new location,’’ he said.

The new IAC facility with a 25 million investment will manufacture vehicle interior components and systems, including instrument panels, cockpits and door assemblies. Kamsickas said with the growth expected in the automotive market in the coming decade the Pune centre would support the global growth needs. For the M&M SUV the IAC will be supplying instrument panel, door trim panel and floor console and for the Volkswagen it will supply glove box assembly.

Story continues below this ad

Speaking about the future plans of the company in the country Gajanan V Gandhe, vice-president, Asia operations said the company would be targeting all the major automotive players in the region.

He said the strategy of the company in the country would be to concentrate in the vector where there is a lack of quality components. IAC has engineering, sales location in Japan as well as in China. The company has manufacturing unit in 17 countries.

SP leader Azam Khan walks out of jail after 23 months, hundreds of supporters welcome him

Cities2 hr ago

Senior Samajwadi Party leader Azam Khan, who is facing multiple cases, walked out of the Sitapur jail today after 23 months. He was scheduled to be released early Tuesday morning, but it was delayed due to impending court proceedings. Hundreds of supporters gathered outside the Sitapur jail, waiting for the SP leader to walk out of prison.

View all shorts

Live Blog