Brex India Managing Director Shriram Viji sees plants running out of capacity in 18 months’ time
Brex India Managing Director Shriram Viji sees plants running out of capacity in 18 months’ time
Brakes India, a leading supplier of automotive braking systems, is looking at setting up a new plant at its existing premises in Tamil Nadu, Andhra Pradesh or Gujarat to meet future growth, said MD Sriram Viji.
“Currently, we are in the process of setting up a new plant at Theravoy Kandigai near Chennai by investing ₹100 crore,” said Mr. Viji. The plant, which will manufacture products for commercial vehicle braking systems, was expected to be operational in three months’ time, he said, adding that the products were currently in the process of being validated.
According to Mr. Viji, the company was registering high growth due to good order book position and introduction of new products.
“The factories are expected to run out of capacity in 18 months’ time… We are looking at expanding the capacity within our premises in Tamil Nadu, Andhra Pradesh or Gujarat,” he said.
On the company’s prospects, Mr. Viji said that in the five-year horizon, Brex India expects to double the sales in the domestic market and five times in the export market due to volume growth and product content.
In the last financial year, Brex India along with its subsidiaries did a total business of ₹5,500 crore, of which exports accounted for ₹1,400 crore. The company is a major supplier of safety critical braking systems to Europe, with export revenue of ₹1,000 crore. It is also exploring opportunities in Southeast Asian countries.