News
Establishment of New Companies in India
Apr. 5, 2012
News Release
ADVICS Co., Ltd.
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.
| <Overview of the new company in the northern part of India> | |||
| Company Name: | ADVICS Manufacturing Haryana Private Ltd. | ||
| 2. | Date established: | Scheduled for July 2012 | |
| 3. | Address: | Rohtak Industrial Estate, Hariyana, 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 | |
| <Overview of the new company in the southern part of India> | |||
| Company Name: | ADVICS Manufacturing Karnataka Private Ltd. | ||
| 2. | Date established: | 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 | |