Magna sets up ladder frame plant in Pune.

Canadian auto components giant Magna International has set up a ladder frame manufacturing facility in Pune with an investment of about Rs. 250 crore.

The unit has been set up for Mahindra & Mahindra, which will use the frames for its refreshed Scorpio and all future platforms.

Mahindra, on its part, is investing about Rs. 130 crore for tooling of the ladder frames at the facility.

A ladder frame is the normal chassis of a smaller truck, such as a sports utility vehicle, and is used as it provides a higher beam resistance.

'This is a brand new line manufacturing facility, and Magna International would supply the frames exclusively to Mahindra & Mahindra.

'This is our first large business with Magna International,' Hemant Sikka, Chief Purchase Officer (Automotive and Farm Sectors), at Mahindra, told Business Line.

HBL