Lite Auto Components to build Rs 500 crore magnesium auto parts plant in Andhra Pradesh

Lite Auto Components Pvt Ltd, part of Hindustan Magnesium Products, will invest Rs 500 crore to set up a plant in Andhra Pradesh to manufacture magnesium-based auto components. The plant is expected to create 1800-2000 jobs and will cater to domestic and export markets.

“Stringent emission control norms, coupled with CAFÉ (corporate average fuel economy) norms in India and globally are driving automobile manufacturers through the world.”timesofindia.indiatimes.com

• 1 source
• timesofindia.indiatimes.comHindustan Magnesium group to set up Rs 500 crore auto components plant in AP - Times of Indiatnn / Jan 09, 2019, 00:10 ISTJan 8, 2019

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