Rane TRW forays into airbag space

Tags: News
Rane TRW Steering Systems has announced its foray into airbags. The auto component firm intends to make an investment of Rs 35 crore over the next five years for manufacture of airbags and seat belts.

Rane TRW, a 50:50 joint venture between Rane Holdings, holding company of the Rs 2,650 crore Rane group and TRW Automotive US, will expand its operations beyond seat belt systems. The airbags will be produced at its plant, which currently manufactures seat belt systems, near Chennai.

The proposed investment and foray into manufacture of airbags has been necessitated in view of the growing trend towards stronger vehicle safety. The company will make 3.2 lakh units of air bags per annum initially, with a ramp up of manufacturing capacity to 8.1 lakh units in three to five years’ time.

The manufacturing facility will utilise driver and passenger airbag technology developed by TRW in Germany and the company is drawing up plans to leverage the Rane group supplier network in a phased manner for this venture.

“We are excited to bring these new technologies to the Indian market and will work closely with TRW,” Harish Lakshman, managing director, Rane TRW said in a statement.

Frank Mueller, vice-president & GM — global occupant safety systems, TRW Automotive GmbH, said “India is a very important market for TRW and we look forward to our continued partnership with Rane to bring the best of our technologies to help protect drivers and occupants here. As a global leader in safety, we are committed to providing affordable safety for all car drivers.”

Rane TRW is the market leader in hydraulic power steering space in India with an annual turnover of over Rs 672 crore in 2011-2012. It has five manufacturing units in India to produce range of steering and safety products and caters to wide spectrum of top OEMs.

balachandarg@mydigitalfc.com

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture