Image Source: Craftsman Automation
Craftsman Automation Ltd announced plans to set up a new manufacturing plant in the Chennai Metropolitan Area with an estimated investment of Rs 2.8 billion. The move, approved by Dr. Axion India, aims to expand production capacity and strengthen the company’s position in precision engineering and automotive components.
Show more
New Expansion Drive:
-
Craftsman Automation unveiled its plan to establish a new facility in the Chennai Metropolitan Region.
-
The project, cleared by Dr. Axion India, aligns with the company’s growth strategy to increase capacity and technological capability.
Investment Details:
-
The estimated investment required for the new plant is Rs 2.8 billion.
-
The facility will focus on advanced engineering and manufacturing solutions, serving the automotive and industrial sectors.
Strategic Significance:
-
The plant is expected to enhance operational efficiency and boost supply chain integration in South India.
-
The expansion reflects strong demand for precision-engineered components amid industrial recovery and automation trends.
Growth Outlook:
Craftsman Automation continues to reinforce its manufacturing footprint across India, targeting sustainable growth through capacity additions and innovation-led production.
Sources: Reuters, NSE filings, company press release.
Stay Ahead – Explore Now!
Maruti Suzuki Unveils Victoris with Prices Starting at Rs 10.5 Lakh: A Tech-Packed Mid-Size SUV Ready to Steal the Show
Advertisement
Advertisement