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Automotive Product Finder Magazine | Italian auto component firm Carraro to invest Euro 20 mn in India for expansion
Italian auto component firm Carraro to invest Euro 20 mn in India for expansion
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Carraro to set up a new facility in Pune – its first greenfield facility outside Italy – for making new product ranges, such as portal axles, designed for the Indian off-road vehicles market.
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.
Speaking on the occasion, Enrico Carraro, Chairman of the 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.”
Enrico Carraro, added, “The expansion of this production site will allow us to expand our capabilities towards new product ranges, such as portal axles, specifically designed for the Indian market. This is a fundamental element for the future growth of our activities at the service of both local and export markets.”
Enrico Carraro continued, “We must be aware that the global economic context in which we operate today is not at all easy. The growth index is continuously revised downwards. And India, a market that until recently gave us great satisfaction, is now experiencing a particularly difficult situation both in the agriculture and in the construction equipment sector. But history has taught us that it is precisely in these moments that the foundations for future growth are laid.”
Within the new production area, which will occupy as a whole 5,000 square meters and which is expected to be fully operational in 2021, a line of advanced conception will be installed, primarily dedicated to portal axles for compact tractors with engines up to 75 HP.
In parallel, this expansion will allow further optimisation of internal logistics thanks to new areas to be dedicated to modern structured warehouses. This will lead to an improvement in the level of customer service and to a more timely management of stock levels.
This will only be a piece of a process of further expansion of production areas that will enrich today's portfolio with new products resulting in a 50 per cent increase in local activities in three years.
Activities of the Carraro group, with consolidated turnover in 2018 of Euro 624 million, are divided into two business areas - drive systems and tractors. Through the subsidiaries Carraro Drive Tech and SIAP, the Group designs, manufactures and sells transmission systems (axles, transmissions and drives) mainly for agricultural and construction equipment, and also markets a wide range of gears for very diverse sectors, from the automotive industry to material handling, agricultural applications and construction equipment.
Through the subsidiary Carraro Agritalia, the Group designs and manufactures special tractors (for vineyards and orchards from 60 to 100 hp) for third-party brands, namely John Deere, Massey Ferguson and Claas, as well as a specialist own-brand range; Agritalia also provides engineering services for the design of innovative tractor ranges.
Transmission Systems For Off-Highway Vehicles
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