Sonalika Group that manufactures tractors and diesel car engines at Hosiarpur factory in Punjab is likely to increase their capacity two fold during the coming financial year. The Rs.5000 crore auto company is taking this decision to cater to their new products and ensure global expansion.
Mr. L D Mittal, Chairman of Sonalika Group which is into manufacture of 1.5 liter and 1.2 liter tractor and diesel engines for cars with an annual capacity of 75000 units said that they are now likely to double this production limit to 150,000. Expansions of business and various product launches and tie ups have made it necessary to expand production to keep up with demand.
This expansion will be in a phased manner with least amount of investment according to Mittal. Sonalika Group is in dialogue with some of the top auto companies like General Motors for supply of engines for Chevrolet Tavera. The company is also looking at possibilities to assemble their tractors in countries like US and Turkey while they are looking for partners to set up operations in Australia as well.
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