# Brakes India building ₹100-crore factory near Chennai

Brakes India is in the process of building a ₹100-crore factory near Chennai to support capacity expansion and meet growing domestic and export demand.

- Type: Expansion
- Announced: 2022-06-24
- Where: near Chennai, India
- Value: $12.6M (100.0M INR)
- Status: announced
- Products: braking systems, braking castings
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Brakes India](https://endata.com/companies/47794.md)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/brakes-india-sees-a-high-growth-trajectory-for-domestic-export-businesses/article65561211.ece), 2022-06-24: "On a five-year horizon, we expect the domestic business to grow by 2x and exports will grow by 3x."

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