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Business EconomyPosted at: Feb 7 2018 4:10PM


Ashok Minda Group inaugurates Rs 100 cr die casting plant for 2 & 4 wheeler products

New Delhi, Feb 7 (UNI) Pumping an initial investment of Rs 100 cr, Global Automotive Component Manufacturer 'Spark Minda, Ashok Minda Group' on Wednesday announced the inauguration of its state of the art Die Casting manufacturing plant at Chakan, Pune.
The Group has set up its third state of art Die Casting manufacturing facility exclusively for Aluminum Gravity Die Casting & Low Pressure Die Casting with machining in Pune for two and four wheeler products.
The Group has already received significant export order worth more than Rs 100 Cr annual business for European Passenger Car Market.
Minda Corporation Limited, a flagship company of Spark Minda, Ashok Minda Group, made an initial investment of Rs 100 cr.
The Company already operates dedicated Aluminium and Zinc Die Casting machine components at their Greater Noida and Pune facilities for turbocharger system, braking system, handle mounting components and engine mounting components for the automotive market.
Inauguration of third Die Casting plant in Pune will suffice the Indian as well export demands. The new facility is equipped with Competency Centre for Excellence for Gravity Die Casting & Low Pressure Die Casting.
Mr. Ashok Minda, Group CEO, Spark Minda, Ashok Minda Group 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 Group to suffice the rising demand of Die Casting components for Indian & Global Automotive Customers.

Mr. N.K Taneja, Group Chief Marketing Officer, Spark Minda, Ashok Minda Group said, "Automotive industry is undergoing a huge overhaul with rising technological advancements where we see combined demands coming from National and International markets.

Minda Corporation Limited Executive Director & CEO Sudhir Kashyap said, "Year 2018 marks an exceptional start for Spark Minda, where we recently saw inauguration of our Technical Centre and now new Die Casting plant which will open new horizons for Group in components manufacturing.
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