# Rane Madras to build $31M auto parts plant in Aguascalientes, Mexico

Rane Madras LTD will invest US$31 million to build its first plant in Mexico, in Aguascalientes, creating over 300 jobs for manufacturing steering and suspension systems.

- Type: New facility
- Announced: 2023-12-07
- Where: Aguascalientes, Mexico
- Value: $31.0M
- Jobs: 300
- Status: announced
- Products: steering systems, suspension systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Rane Madras](https://endata.com/companies/58387.md)

## Sources

- [mexicobusiness.news](https://mexicobusiness.news/infrastructure/news/major-auto-players-expand-aguascalientes-guanajuato), 2023-12-07: "Rane Madras LTD, an Indian company dedicated to manufacturing steering and suspension systems, will invest US$31 million in Aguascalientes, creating over 300 jobs."

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