The firm plans to invest Rs 100 cr and expects an increase in exports to the US will offset slowing demand in IndiaUpdated: Fri, Aug 23 2013. 07 22 PM IST
Chennai: Sundram Fasteners Ltd, an automobile parts maker, expects an increase in exports to the US will offset slowing demand in India.
“We will invest Rs. 100 crore this year, which will largely cater to the growing US market. We do not intend to increase manufacturing capacity in India as the demand in the domestic market has been down,” chairman Suresh Krishna told shareholders at its 50th annual meeting. (…)
via Automobile parts maker Sundram Fasteners banks on US for growth – Livemint.