Key Points
Rane (Madras) Limited is setting up a. greenfield facility. through its wholly owned subsidiary Rane Automotive Components Mexico (RACM)...
The plant, which will come up in Mexicos Aguascalientes, will manufacture steering and suspension components for passenger vehicle application...
The first business for this facility is an order for supply of inner and outer ball joints to a leading automotive tier-1 for an upcoming electric vehicle platform of a leading American OEM...
RACM has a further Rs 250 crore of opportunities under discussion for the North American market for vehicle platforms of various OEMs like Ford, GM and Honda, said the company statement..
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