Raymond Group to invest Rs 943 crore in Andhra Pradesh for aerospace and auto component plants

Raymond Group will invest Rs 943 crore to set up an auto component manufacturing facility at Gudipalli (Rs 430 crore, 4,096 jobs) and an aerospace manufacturing facility at Gudipalli and Tekulodu (Rs 510 crore, 1,400 jobs) in Andhra Pradesh. Production is expected to start in May 2027.

“The two facilities will create over 5,000 jobs.”moneycontrol.com

• 1 source
• moneycontrol.comRaymond Group to invest Rs 943 crore in Andhra to set up global aerospace manufacturing and auto component venturesShweta PunjOct 8, 2025

Summarized from public sources; check the original articles before acting on it.