Auto component manufacturer GKN Driveline on Monday said it would invest around Rs.100 crore in the next two years to boost its production, besides pumping in an additional Rs.150 crore in a greenfield facility to produce sideshafts.
“We will be investing around Rs.40 crore within next one year for expanding our existing capacity. Similarly, another Rs.50 crore would be invested for setting up a new sideshaft plant inside our Orgadam facility near Chennai, which will commence production by 2011,” GKN Driveline Managing Director Ravindra Ojha said here at a press conference.
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