Delphi-TVS investing Rs 500 cr

Bangalore: Delphi-TVS Diesel Systems said on Friday that it will invest Rs 500 crore in its manufacturing plant as well as in its technical centre in Chennai. The Delphi-TVS President, Mr J.S. Chopra, told newspersons that most of the investments will go into manufacturing common rail systems. With most of the car makers in India planning to manufacture diesel variants even for small cars, Delphi-TVS Diesel Systems expects a huge growth for such systems though at lower costs than els ewhere. Mr Chopra said about 70 per cent of the Rs 500 crore investments will be funded through internal accruals and the rest would be through bank borrowings. Delphi-TVS Diesel Systems is a joint venture between the US-based auto parts’ major Delphi Corporation and the TVS Group.