Fau­re­cia breaks ground for new in­te­ri­ors plant in Andhra Pradesh

Auto components India - - CONTENTS - ACI

Fau­re­cia In­te­rior Sys­tems (FIS) has com­menced the con­struc­tion of its new Rs 50-crore in­stru­ment panel (IP) plant in Andhra Pradesh. The green­field fac­tory is lo­cated at Kia Mo­tors In­dia’s com­po­nent Ven­dor Park ‘A’ at Am­mavaru Palli, Penukonda Tehsil, Anant­pur district in Andhra Pradesh.

Fau­re­cia re­cently bagged the order from Kia Mo­tors for the first time. The IP man­u­fac­turer will sup­ply in­jec­tion mould­ing and assem­bly for sup­ply to Hyundai Mo­bis, which will make the ve­hi­cle cock­pit for Kia Mo­tors In­dia. Con­sid­er­ing the size of the busi­ness the com­pany has de­cided to in­vest on this new plant and in­tents to get the plant ready in 180 days. The start of prod­uct (SOP) will com­mence from Q3 of 2019. The new plant will come up in a 12acre site, in which, 15,000 sq.m. will be utilised in the ini­tial phase.

The new plant in Anant­pur will be FIS’s 5th plant. The com­pany has 4 plants (2 in Chen­nai and 2 in Pune) to man­u­fac­ture in­stru­ment pan­els (IP), door pan­els (DP) and cen­tre con­soles (CC). It also man­u­fac­tures kine­matic parts, glove boxes, air vents, cup hold­ers, and dock­ing de­vices.

Cur­rently FIS sup­plies com­po­nents to Ford, Renault, Nis­san, Hyundai, Tata Mo­tors, Isuzu, Fiat Chrysler Au­to­mo­biles (FCA), and PSA. And now with Kia, the com­pany plans to dou­ble its turnover from the cur­rent Rs 500 crore in the next 3 years. The com­pany is work­ing hard to bag busi­ness from Maruti Suzuki and Honda. The com­pany’s Di­rec­tor Vidyad­har Li­maye is con­fi­dent of win­ning a pro­gramme from In­dia’s largest car man­u­fac­turer and con­tin­u­ing its growth story. FIS, on an av­er­age, records 25-30% in­crease in turnover ev­ery year.

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