Inteva Products Unveils ₹27 Crore Expansion Plan at Chakan Plant in Pune
Pune: U.S.-based automotive supplier Inteva Products announced on Friday the expansion of its production facility in Chakan, Pune, in response to growing demand from global automobile manufacturers.
“We are investing ₹27 crore in the Chakan plant. The expansion work has begun and is expected to be completed by next year,” said Sanjay Kataria, Managing Director of Inteva Products India Automotive Pvt. Ltd., during a press interaction.
The Chakan plant currently manufactures a range of automotive components, including side door latches, liftgate latches, window regulators, and motors for window regulators, catering to leading Indian automakers such as Tata Motors, Mahindra & Mahindra, and Hyundai. Under the expansion plan, Inteva will add new assembly lines, boosting window regulator capacity to 6.3 million units. Additionally, production capacity for motors for window regulators will increase from 8.1 million to 9.6 million units, while capacity for side door latches will grow from 3.4 million to 4.6 million units.
“India is an important market for us. This expansion reflects Inteva’s ongoing commitment to the Indian market, which plays a key role in our global growth strategy,” said Inteva Products President and CEO Gerard Roose. He also hinted at plans to establish a second facility in India, as the current Pune facility is reaching its maximum capacity. The new facility could be located in western India, near the customer base, or in the south, where there is a high concentration of automotive companies. Plans are also in motion to expand the headcount at Inteva’s Indian Technology Centre in Bengaluru.
Mr. Kataria mentioned that the company anticipates closing the fiscal year with a topline revenue of $59 million (₹496 crore), up from $49 million last year. “Our goal is to reach ₹1,000 crore in revenue over the next 4-5 years. To achieve this, we’ll need to consider setting up a new plant, though this depends on the growth of the automotive sector and customer orders,” he said.
