NGK Spark Plug to set up new plant in In­dia

ACI Bureau

Auto components India - - CON­TENTS - ACI

The Ja­pan-head-qua­terd NGK Spark Plug Co., Ltd. will in­vest around 1.7 bil­lion yen (Rs 98 crore) to set up an ad­di­tional plant in In­dia. NGK Spark Plug In­dia, a fully-owned sub­sidiary, is present in In­dia from 2006 and man­u­fac­tures spark plugs for mo­tor­cy­cles. With this new in­vest­ment the com­pany will build an ad­di­tional pro­duc­tion line at the ex­ist­ing plant area and will strengthen and dou­ble pro­duc­tion ca­pa­bil­ity of spark plugs by 2018, and start newly the pro­duc­tion of oxy­gen sen­sors in In­dia.

The Chair­man, Pres­i­dent, and CEO of NGK Spark Plug Co., Ltd., Shinichi Odo, said, “We are pleased to an­nounce that we will es­tab­lish an ad­di­tional pro­duc­tion plant in In­dia to strengthen pro­duc­tion ca­pa­bil­ity of au­to­mo­tive com­po­nents. To meet the large de­mand for spark plugs in the af­ter­mar­ket and to meet more strict emis­sion stan­dards for oxy­gen sen­sors for mo­tor­cy­cles, Bharat Stage-VI, we de­cided to in­vest on the In­dian fa­cil­ity. More­over, we aim to op­ti­mise our global pro­duc­tion ef­fi­ciency along with this en­hance­ment of pro­duc­tion ca­pa­bil­ity in In­dia. To set up the new plant we will be in­vest­ing ap­prox­i­mately 1.7 bil­lion yen, and we will con­sider fur­ther in­vest­ment in the due course.”

NGK con­sid­ers the In­dian mar­ket very im­por­tant in its medium-term busi­ness plan. The com­pany will fur­ther en­hance the pres­ence of NGK SPARK PLUG group in the In­dian mar­ket that will be ex­pected to grow and will con­trib­ute to the so­ci­ety by its tech­nol­ogy.

With BS-VI emis­sion norms com­ing up in In­dia by 2020, two-wheel­ers would also be us­ing oxy­gen sen­sors which are cur­rently ap­pli­ca­ble to four­wheel­ers un­der BS-IV emis­sion norms. NGK is see­ing this as a new mar­ket op­por­tu­nity and will make the same in the up­com­ing fa­cil­ity.

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