Delphi-TVS Technologies to take up capital expansion at Chennai plant_Delphi-TVS Technologies to take up capital expansion at Chennai plant

Delphi-TVS Technologies to take up capital expansion at Chennai plant

June 2, 2024

Delphi-TVS Technologies is a joint venture between diversified conglomerate TVS Group and automotive components giant BorgWarner is set to invest around 455 joint ventures over the next three years In order to carry out its capital expansion plans for its manufacturing plants, Rs. crore.

Delphi-TVS Technologies started production of common rail systems in 2009 2000, about 45 from here The Oragadam manufacturing plant achieved the milestone of producing more than 300 kilometers 10,000 common rail systems.

"We are continuing to expand the plant's production capacity for common rail systems. We expect to invest about Rs 15 crore per annum for the next two to three years…"

A Viswanathan, president of Delphi Technologies, told reporters. The company serves all segments of the diesel engine market, including passenger cars, commercial vehicles, tractors, construction equipment and industrial engines. He said that the proposed investment program will enable the company to expand its production from 600,000 to 1 million per year.

"We will grow more than the industry over the next few years ……," he said in response to a question. Delphi-TVS reported revenues of Rs 180 15 percent in the last fiscal was 15 percent from exports. "Exports are about 15% of the total revenue," Viswanathan said.

Delphi-TVS, which serves the domestic market through a network of 357 after-sales services, will grow by 20% in the next two to three years, he said.

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