GKN Driveline Continues Expansion in IndiaBy Gkn Driveline, PRNE
Tuesday, June 7, 2011
MUMBAI, India, June 8, 2011 -
GKN Driveline is continuing its rapid growth in India with the
groundbreaking of a new manufacturing facility for CVJ Systems and Trans Axle
Solutions in Pune, India.
(Logo: photos.prnewswire.com/prnh/20101004/DE75892LOGO )
This INR130 crores (18 million pounds Sterling) factory will employ more
than 200 people and is strategically located within 30 kilometres of a number
of GKN Driveline customers including Fiat, Volkswagen, General Motors, TATA
and Renault. When fully operational in August 2012, the new 8000 square-metre
facility will have an annual production capacity of more than 600,000 CVJ
Systems. It is planned for the new facility to also manufacture differentials
from GKN Driveline's Trans Axle Solutions product range.
"This new facility positions GKN Driveline strongly to meet the continued
rapid growth of India's automotive industry," said Marc Vuarchex, managing
director, GKN Driveline Asia Pacific. "It is the next step in our mission to
remain close and accessible to our customers in west India."
Recognising the potential growth of the Indian automotive market in the
early 1980s, GKN Driveline was the first company in India to manufacture
sideshafts for front-wheel-drive vehicles. The company currently employs 800
people at three factories in India: Faridabad and Dharuhera, near Delhi in
the north and Oragadam, near Chennai, in the south.
In 2008, GKN Driveline opened, with an initial investment of INR100
crores (12 million pounds), a plant in Oragadam near Chennai in Tamil Nadu
which is supplying auto manufacturers in south India with 1.6 million CVJ
Systems. The 10,000 square-metre manufacturing facility employs more than 250
Ravindra Ojha, managing director of GKN Driveline in India said, "The
company's business in India has grown at an annual rate of more than 15
percent over the past five years and we expect India to remain a high growth
market for years to come."
GKN Driveline's product segments include:
- GKN Driveline's constant velocity joint systems provide space, weight and fuel savings with greater all round efficiency. - GKN Driveline supplies the most extensive range of CVJ systems - used in the smallest ultra-low cost car through to the most sophisticated premium vehicle.
- GKN Driveline has full all-wheel drive systems capability. - GKN Driveline's all-wheel drive couplings improve vehicle handling, stability and traction by intelligently distributing power, and disconnecting technology can supplement low drag and inertia for ultimate efficiency.
Trans Axle Solutions
- GKN Driveline produces highly durable open differentials and has the most extensive range of limited slip differentials (LSD), from the smallest super LSD to the largest electronically controlled axle locker. - For the ultimate capability, GKN Driveline's torque vectoring solutions provide the answer.
- GKN Driveline's pioneering electric drive technology is used in 250,000 vehicles today. - GKN Driveline's eDrives are designed for the new generation of fuel efficient, low emission electric and hybrid vehicles.
About GKN Driveline in India
GKN Driveline's roots in the Indian automotive market go back to the
1980s, forging strong partnerships based on supply reliability, product
integrity and quality consistency. Today, GKN Driveline shares its unique
application capability with customers to develop dedicated driveline
solutions that meet the challenge of improved environmental performance,
greater efficiency, lighter weight and enhanced reliability.
About GKN Driveline
GKN Driveline is the world's leading supplier of automotive driveline
components and systems. As a global company serving the world's leading
vehicle manufacturers, GKN Driveline develops, builds and supplies an
extensive range of automotive driveline components - for use in the smallest
ultra low-cost car to the most sophisticated premium vehicle demanding the
most complex driving dynamics.
GKN Driveline is a leading global producer of CVJ Systems, AWD Systems,
TransAxle Solutions and eDrive System.
About GKN Group
GKN plc is a global engineering business serving mainly the automotive,
aerospace and land systems markets. It has operations in more than 30
countries, around 40,000 employees in subsidiaries and joint ventures and had
sales of INR 39,400 crores (5.4 billion pounds) in the year to 31 December
2010. GKN plc is listed on the London Stock Exchange (LSE: GKN).
Company, Paul Dinwiddy, Global Communication Director, GKN Driveline , +44-1527-533-646, or Mobile: +44-7801-077-523, paul.dinwiddy at gkndriveline.com, or Media - India, Vidheesh Tyagi, Mileage Communications, +91-1126-511-423, vidheesh at mileage.in, or Media - Americas, Larry Weis, lweis at usautocom.com, or Craig Miner, cminer at usautocom.com, AutoCom Associates, +1-248-647-8621, Mobile: +1-248-705-4448, or Media - Europe, Simon Pearson, +44-207-861-3158, Mobile: +44-7836-744-192, simon at s-pearson.com
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