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Automotive Product Finder Magazine | Italia's Carraro to invest Euro 20 mn in India for expansion
Italia's Carraro to invest Euro 20 mn in India for expansion
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The Italian auto component major Carraro Group - which recently organised a ground-breaking ceremony for a new production area in Pune to complement its existing ones in the Ranjangaon (Pune) area – plans to invest Euro 20 million (approximately Rs 155 crore) till 2023 for operations upgrade and local plants expansion. Pune facility will be the first greenfield facility outside Italy of Carraro - a leader in transmission systems for off-highway vehicles and specialised tractors. In the last 20 years invested more than Euro 100 million in the India plants.
Enrico Carraro, Chairman, Carraro Group, said, “Today, we celebrate 20 years since the start of production of this industrial complex, which counts over 1400 employees. A truly remarkable number, if we think that the sum of the Carraro people working in all Italian plants is exactly the same. This means a very clear thing: India is, and will remain, an essential point of reference for the future of the entire Group. Already today, with a share of over 17 per cent, India is the Group's first destination market. Here, thanks to our ability to work at excellent levels, the Carraro brand is recognised and respected by all the major players in our reference sectors. Carraro means quality, technology, reliability.”
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