Rane TRW opens its Rs. 40-cr unit at Tiruchi.

Rane TRW Steering Systems Pvt Ltd., a joint venture of Rane Group with the German ZF Group, has opened its new Rs. 40-crore unit for occupant safety products at Tiruchi, Tamil Nadu.

The initial capacity will be about 0.50 million modules per annum of airbags and one million units per annum of seat belt assemblies. Further, this would be ramped up to 1 million modules per annum of airbags and 2 million units of seat belt assemblies in the next two years, with an additional investment in the range of Rs. 25-30 crore. These investments are aligned with the goal to bring best-in-class technology to help customers to offer products with enhanced safety, according to a statement.

HBL