One of the largest automobile control cable manufacturers in India is all set to increase its annual capacity from 200 million units to 225 million units per year.
July 28, 2016
The Bangalore-based company, Suprajit Engineering is a leading automotive cable manufacturer in India. With 15 manufacturing units, the current annual capacity of this cable manufacturer is nearly 200 million units of cable. The company is ready to expand the capacity to 225 million units per year with its new plant in Chennai which will be ready in three to four months. However, in cables the full capacity utilization is around 80 percent for Suprajit Engineering.
Furthermore, the increase in production capacity will aid in growing focus towards dedicated areas such as exports. Currently the 19 percent of company’s total revenue comes from export which is one of the key areas for faster growth of Suprajit Engineering. As compared to last financial year the company’s standalone revenue in current financial year (2015-16) was 12.7 percent higher.
The company is looking for expansion in other areas for faster rate of growth. While export remains the focus, aftermarket is also grabbing concerns of the experts. Over the last few years Suprajit Engineering has enhanced its distribution network and today it claims to have its presence across India. Also, the company enjoys rich clientele which includes brands like Bajaj Auto, Hero MotoCorp, and TVS Motor.
