Steelbird to invest Rs. 100 cr to set up new plant in Rajasthan.

Helmet manufacturer Steelbird plans to invest Rs. 100 crore in the initial phase for setting up a new manufacturing facility at Tapukara in Rajasthan, which will become operational in the next two years.

The Delhi-headquartered firm, which currently produces helmets from its two plants located at Baddi in Himachal Pradesh, aims to expand its reach and cater to customers all across the country.

'We plan to come up with a new plant at Tapukara in Rajasthan. It will be the world's largest helmet manufacturing facility with an initial production capacity of 10,000 units a day and which could be later expanded to over 50,000 pieces a day,' Steelbird Managing Director Rajeev Kapur told PTI.

The investment in the initial phase would be around Rs. 100 crore which would be increased according to the requirement, he added.

The company has already started the process to procure land for the plant and aims to start production within the next two years, Kapur said.

'The demand for helmets is going up steadily. Going ahead it would touch 100 million units per annum. So we are getting ready for the future with this plant,' he added.

The company would manufacture 'Steelbird' and 'Ignite' branded helmets to start with at the plant and would also utilise the facility to supply co-branded helmets to various OEMs including Yamaha, Honda and Royal Enfield, Kapur said.

ET