March 13, 2008 | Business Standard
AutoComp bets on 2-wheeler batteriesTata AutoComp GY Batteries (TGY), a 50:50 joint veture between Tata AutoComp Systems (Taco) and GS Yuasa International (GYIN) of Japan, is planning to set up separate production line for two-wheeler batteries at an investment of Rs 70 crore.
"Battery has become an integral part of two-wheelers. We are conducting a feasibility study on this market. We plan to set up a production line for two-wheeler batteries within our existing facility at Ranjangaon near Pune and may manufacture conventional and valve-regulated lead acid (VRLA) gel batteries," Rajeev Malik, head (marketing), TGY, said.
TGY imports conventional two-wheeler batteries from Yuasa Batteries, Thailand, and sells 25,000 batteries per year. The market for two-wheeler batteries in India is pegged at 18 million units, of which the organised sector accounts for 45 per cent.
Announcing the launch of Tata Green inverter batteries in Andhra Pradesh, Malik said the company had drawn up a growth plan to ramp up production at its Pune facility.
The capacity at the Pune facility will be expanded to 1 million units by October 2008.