Announced Fri, 10 Jul · 11:36 IST
Subsidiary opens new plant in Andhra Pradesh for KIA Motors
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NDRAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹850.65
prior close
₹849.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+1.4+1.3—-0.7-3.4-3.4-2.3-2.4-3.6————
Up moveDown movePending
AI summary
NDR Auto Components' subsidiary NDR Auto Components South Pvt Ltd inaugurated a new plant at Penukonda, Andhra Pradesh on July 10, 2026. The plant will make frame structures, seat covers, and other components mainly for KIA Motors India via Hyundai Transys. Planned capacity: 50,000 sets of 5-seater frames and 28,000 sets of 7-seater seat covers yearly, to be reached in one year. Investment around INR 27.29 crores via loan and equity.
Likely market impact
Positive: Capacity expansion with new marquee customer KIA, near-term capex of 27.29 cr funded by debt and equity may pressure margins short term.