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ADVICS Co., Ltd. (Head Office: Kariya, Aichi, Japan; President: Takeshi Kawata) has decided to establish production and sales companies, including evaluation function, in Haryana State, North India, and Karnataka State, South India.
The purpose of establishing the new companies is to expand ADVICS brake business by starting the local production to make a full-scale entry into the Indian automobile market, which is rapidly growing.
This is the first establishment of the ADVICS base in India.
ADVICS Manufacturing Haryana Private Ltd. and ADVICS Manufacturing Karnataka Private Ltd. will produce brake parts that meet the market need and promote local procurement.
ADVICS views the establishment of the new companies in India as an opportunity for market expansion and global growth as a brake systems supplier.
General information on the new companies is as follows.
1. Summary of a new company established in North India
| 1. Company name |
ADVICS Manufacturing Haryana Private Ltd.(Tentative name) |
| 2. Establishment |
Scheduled for July 2012 |
| 3. Address |
Rohtak Industrial Estate, Haryana, India |
| 4. Capital |
490 million INR (About 800 million JPY) |
| 5. President |
Toshitaka Suga |
| 6. Line of business |
Production and sales of brake products |
| 7. Production launch |
Scheduled for June 2013 |
| 8. Sales volume |
Approx. 1.1 billion INR (About 1.8 billion JPY) targeted for FY2016
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2. Summary of a new company established in South India
| 1. Company name |
ADVICS Manufacturing Karnataka Private Ltd.(Tentative name) |
| 2. Establishment |
Scheduled for January 2013 |
| 3. Address |
Narasapura Industrial Estate, Karnataka, India |
| 4. Capital |
240 million INR (About 400 million JPY) |
| 5. President |
Toshitaka Suga |
| 6. Line of business |
Production and sales of brake products |
| 7. Production launch |
Schedule for December 2013 |
| 8. Sales volume |
Approx. 2.5 billion INR (About 4.2 billion JPY) targeted for FY2016
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For further information, please contact Corporate Administration Dept.
Phone : +81 (0)566 63 8000
Facsimile: +81 (0)566 22 8021
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