December 12, 2018: ADVIK Hi-Tech, the global auto component manufacturer will expand its global production network which was flagged off with the groundbreaking ceremony for its third plant in Pune. With this addition, the Advik Group now comprises of nine production facilities spread across India, Indonesia and Vietnam.
“Our new plant is an important part of our long-term growth strategy of building ahead-of-the-curve technologies and facilities. With stricter emission and safety norms, increased vehicle electrification and hybridisation becoming the new growth drivers, our new plant will help us serve our customer better and stay ahead in the evolution of technology curve," said Aditya Bhartia, Managing Director, ADVIK Group of Companies.
The company will be investing Rs 85 crore to build the new facility which will comprise manufacturing, assembling and testing facilities, creating more than 300 new jobs. The new plant spanning an initial 10,000 sq m is expected to be operational by August 2019, bringing the total production floor space in Pune to 20,000 sq m.
The plant is designed with standardised lean processes combining energy efficient design, responsible water management and user comfort to reduce the impact on the environment. The company has already started recruitment in manufacturing and related operations including production, engineering, logistics and quality.