Mando Corp. on Thursday said it would set up two factories in India this year to increase production in the fast-growing car market, according to Reuters.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Mando, which already has a brake system plant and a research centre in India, reportedly said it would establish a steering system factory and a foundry in India, investing part of the 185 billion won (US$192.3m) the company earmarked for capital investment in 2006.


Mando said it was also considering companies in Russia, Iran and the Czech Republic, but did not elaborate, Reuters added.

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