NGK Spark Plug to set up new plant in India
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.