Ashok Minda to Invest Rs 900 Crores
The major auto component manufacturer Ashok Minda Group, is likely to invest Rs 900 Crores for expansions
over next 3 years on expansions & acquisitions.
The turnover of the group is likely to be over Rs 4000 Crores in next 3-4 years. Recently the group has acquird component supplier Schenk Plastic Solutions in Germany. The group will concentrate its business on die casting components, security systems, internal components & information systems for auto applications.
Ashok Minda Group is currently carrying out a feasibility studies for setting up units in Uzbekistan, Russia Europe & Latin America.
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