Mumbai: Denso India (Manufacturer) Denso Corporation, a subsidiary of Japan’s leading automotive components company, is targeting revenues of Rs. 500 crore by FY 2018.

“We are targeting a sales revenue of Rs 500 crore by 2017-18. Last year, we had sales of Rs 35 billion. However, I would like to add that this was the revenue for the financial year 2010,” Tako Nojiri said. PTI, “The domestic automobile industry is growing rapidly.

The company, which is the largest supplier of components to domestic automakers such as Maruti, Toyota, Honda, Hyundai and Tata, expects sales to grow by 9% in 2020, he said.

This Japanese conglomerate 32 entered India a few years ago and currently has nine and seven manufacturing plants in one company, employing more than 40,000 people. The company holds more than 60% of the domestic auto parts market share, and supplies parts to large automakers and railroad companies.

When asked about capital expenditure plans to achieve higher growth targets, Nogi said the company does not currently have a plan, as by 2020, 2020 has been realized installed. The company does not have a plan at the moment as by 2020, the company does not have a plan at the moment. installed capacity every year.

The government plans to skip BS V and go straight to BS VI emission standards, he said Denso already meets Euro’s required VI standards and will have no problem meeting the new deadline.

Japan’s Denso, with a market capitalization of more than $4.21 billion, is a global leader in automotive components.

Denso started its operations in 1984 2000 and has a plant in Noida that manufactures four-wheeler starters, alternators, air conditioning systems, radiators, windshield wiper motors, ECUs, fuel pumps and fuel injectors. We also supply magnetos and CDIs to two-wheeler manufacturers and sell through a service network of over 1900 points of sale.

Since the 1980s, it has had technology partnerships with Subros and Lucas-TVS, and in 2011 formed a joint venture with Subros to design automotive air conditioners. The company was established in 2012 with a technology center in Manesar (Haryana) to develop powertrain systems, electrical and electronic systems, information security systems and small motors.

In order to expand the Instrument Panel business, a majority stake in Pricol Instrument Panels was acquired in April 2013 and a new generation of engine management systems was launched that meets Bharat’s corporate V phase requirements, including engine ECUs, 2013 fuel pumps and injector specifications.

Denso has also formed a joint venture with Kirloskarrrar Group called Denso’s family Kirloskar Industries.