Asahi India Glass Ltd (AIS) today announced its plans to invest up to Rs 500 crore in a ‘Greenfield Automotive Glass Plant’ near Mehsana in Gujarat. The investment is being made to primarily meet the automotive glass requirements of Maruti Suzuki India Ltd (MSIL) at its newly-established Gujarat plant, AIS noted. The company will make the investment in the facility in two phases, which is to be implemented in modules. In the first phase, the plant will have capacities to produce 1 mn laminated glasses and 1.2 mn tempered glass sets per annum.
AIS said that this investment is in line with the ‘Make In India’ initiative launched by the Government. It added that with this investment, it will further expand its footprint across India with manufacturing plants and advanced sub-assembly units across multiple locations in the country.
Sanjay Labroo, MD and CEO, AIS, said the company has always remained committed to customer satisfaction beyond quality, costs, delivery, development, and management. AIS’ symbiotic relationship with MSIL will be further strengthened with this greenfield investment near the car maker’s Gujarat plant, he added. “The new plant will be a state-of-the-art facility, equipped with latest global technologies in automotive glass, and also have the ability to manufacture the entire range of higher value-added automotive glass products,” noted Labroo. He also said AIS will continue with its thoughtful expansion programs, both greenfield and brownfield, to further strengthen its position as India’s leading value-added and integrated glass company.