NDR Auto Components Ltd has approved a Rs. 30 million investment in its safety systems division, alongside two significant projects: a seating latches project with Fisher Dynamics worth Rs. 174.3 million and a seat belt reminder system with Fujikura at Rs. 74.3 million, marking strategic expansion in automotive safety.
NDR Auto Components Ltd has taken a significant leap forward by approving a Rs. 30 million investment in its Safety Systems division, aiming to enhance manufacturing capabilities and product offerings. This venture underpins NDR’s commitment to strengthening safety features within the automotive sector.
Additionally, the company has greenlit two key projects: a seating latches project with Fisher Dynamics valued at Rs. 174.3 million and a seat belt reminder system collaboration with Fujikura costing Rs. 74.3 million. These initiatives are set to bolster NDR’s portfolio, especially in safety-critical components.
Key highlights:
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The Rs. 30 million investment signifies strategic focus on expanding safety systems.
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Collaboration with Fisher Dynamics and Fujikura reflects strong industry partnerships.
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The projects aim to improve vehicle safety standards across passenger cars and commercial vehicles.
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Both projects align with global trends toward vehicle safety innovations and regulatory compliance.
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These developments are expected to propel revenue growth and solidify NDR’s position as a reliable Tier-1 supplier.
This strategic expansion underscores NDR’s focus on innovation and safety in the automotive supply chain, creating more value for its clients and end consumers.
Sources: Moneycontrol, Business Standard, NDR Auto Components