'
NDR Auto Components hosted a conference call on Feb 8, 2024.
In the conference call, company was represented by: Pranav Relan- Whole Time
Director, Mr Vinod Kumar– Chief Financial Officer and Mr Sanjiv Kumar –
Financial Advisor.
Key takeaways of the call
Company entered
into business with Hyundai Transys, to commence work for seat-trim solutions to
Hyundai Transys. Board approved the capital expenditure of approx Rs 8.18 crore
towards existing product, “Trims” for this purpose.
Existing capacity
and utilization for trim sets is 13 lakh and approx. 75% respectively. Proposed
capacity addition is 0.61 lakh trim sets by FY25.
The Company has
been empaneled as T2 supplier to Hyundai and will commence supply from January
2025. The seating solutions will be manufactured at the Company’s manufacturing
facility in Bangalore, which is in close proximity to Hyundai’s manufacturing...
Pleaselogin & subscribe to view the full report.
More Reports
-
(10-Feb-2023)
Deepak Nitrite
Plans capex of about Rs 1500 crore for FY23 and FY24
-
Targets revenue of Rs 1000 crore in FY24
-
Capex plan is US$ 30-32 million for next three years
-
Company plans capex of Rs 10,000 crore over the next three years to create growth vectors
|
|