# 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.

- Type: New facility
- Announced: 2019-01-08
- Where: Andhra Pradesh (Nellore or Chittoor), India
- Value: $70.0M (5.00B INR)
- Jobs: 1,900
- Status: announced
- Products: magnesium-based auto components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lite Auto Components Pvt Ltd](https://endata.com/companies/36567.md)
- [Hindustan Magnesium Products Pvt Ltd](https://endata.com/companies/36568.md) (partner)
- [Andhra Pradesh Economic Development Board](https://endata.com/companies/36569.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/hindustan-magnesium-group-to-set-up-rs-500-crore-auto-components-plant-in-ap/articleshow/67444965.cms), 2019-01-08: "Stringent emission control norms, coupled with CAFÉ (corporate average fuel economy) norms in India and globally are driving automobile manufacturers through the world."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.