Indian auto parts maker Sona Koyo Group plans to set up a ‘greenfield’ project in the US, group chairman Surinder Kapur reportedly told an industry seminar on Friday.
“By 2010, 45% of the revenue must come from overseas. We will probably set up a greenfield operation in the next year or so in North America,” Kapur said, according to Reuters, which noted he did not elaborate.
The group’s companies include Sona Koyo Steerings, India’s largest steering gears maker, the report added.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
