# Rane (Madras) opens greenfield facility in Aguascalientes, Mexico

Rane (Madras) Ltd, through its subsidiary Rane Automotive Components Mexico, established a greenfield facility in Aguascalientes, Mexico, for manufacturing steering and suspension components. Initial investment is USD 3 million, rising to USD 6 million over 12-18 months.

- Type: New facility
- Announced: 2024-01-26
- Where: Aguascalientes, Mexico, Mexico
- Value: $3.00M
- Starts operating: 2025
- Status: announced
- Products: steering and suspension components, inner and outer ball joints
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Rane Madras](https://endata.com/companies/58387.md)
- [Rane Automotive Components Mexico](https://endata.com/companies/75283.md)
- [Rane Automotive Components Mexico](https://endata.com/companies/75283.md) (partner)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/rane-madras-opens-new-facility-in-aguascalientes-mexico-for-steering-parts/107167579), 2024-01-26: "The establishment of this greenfield facility is aligned to our aspiration of growing the share of international revenues."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/rane-madras-to-set-up-factory-in-mexico/articleshow/107172199.cms), 2024-01-26: "The first business for this facility is an order for supply of inner and outer ball joints to a leading automotive tier-1 for an upcoming electric vehicle platform of a leading American OEM."
- [evtechnews.in](https://evtechnews.in/rane-madras-opens-new-facility-in-aguascalientes-mexico-for-steering-components/), 2024-02-06: "Rane (Madras) Limited, a leading manufacturer of steering and suspension products and light metal casting components, has expanded its global footprint with a greenfield facility for manufacturing steering and suspension components for passenger vehicle application through its wholly-owned subsidiar"

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