Announced Fri, 10 Jul · 11:45 IST
NDR Auto Components subsidiary inaugurates new plant in Andhra Pradesh
NDRAUTO · price
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AI summary
Wholly owned subsidiary NDR Auto Components South has inaugurated a new plant in Penukonda, Andhra Pradesh on July 10, 2026. The plant will manufacture frame structures, seat covers, and auto components primarily for KIA Motors via Hyundai Transys. Planned capacity of 50,000 frame sets and 28,000 seat cover sets to be achieved in one year. Investment of about INR 27.29 crores funded through loan and equity.
Likely market impact
Capacity addition supports business growth with new KIA revenue stream. INR 27.29 crore capex may pressure near-term margins.