July 10, 2007 | Financial Express
Tata AutoComp GY to expand, invest Rs120 crore in Pune unitTata AutoComp GY Batteries Ltd (TGYBL) has decided to put in close to Rs120 crore in its existing Pune plant to create 5.5 million pieces a year capacity for primarily four and two-wheeler batteries.
TGYBL, an equal joint venture between Tata AutoComp Systems and GS Yuasa International of Japan, has already put in Rs50 crore for four-wheeler batteries in its 15-acre Pune plant. The capacity for four-wheeler batteries would be ramped up from a mere 5 lakh units a year to 2 million within he next three years at an additional investment of Rs50 crore while another Rs70 crore would be put into the plant for a two-wheeler battery line, chief executive officer Yogesh Dhawan said during the launch of Tata Green range of batteries in Kolkata.
Apart from batteries for two-wheelers, TGYBL plans to cater to commercial vehicles and tractors and even inverters.
Dhawan said in the first year of the launch, the company expects a revenue of Rs150 crore by the end of 2007-08, while in the next three years, it hopes to achieve a top line of Rs500 crore.
Without a national presence in terms of sales and service network, the company couldn't bag an OEM contract till date. However, a beginning has been made recently with an OEM contract with Piaggio for its three-wheelers.
"We expect to roll out our national plan within the next few months when we will start pitching for all major automobile makers including Tata Motors," Dhawan said.