Sundaram-Clayton Ltd.(SCL), part of the TVS Group, on opened its new foundry at Oragadam, near Chennai with an investment of more than ₹150 crore. New facility, which was inaugurated by Young Key Koo, Managing Director and CEO of Hyundai Motor India Ltd, has been established to meet the growing demand from the automotive industry.
Foundry, which will have a capacity of 8,000 tonnes, will primarily serve Hyundai Motor. It can produce machined castings ranging from 1.9 kg to 7.2 kg, according to a statement. “This facility reinforces our drive to serve our customers by cutting down supply times because of the proximity to their factories which gives us a competitive edge. This is a critical advantage given the lean inventory management of our customers who want the supply chain to be agile,” said Lakshmi Venu, Joint Managing Director of SCL.