Helical Auto Technology Private Limited opened its first manufacturing plant in India,at Pirangut Pune. The plant,which was inaugurated by British High Commissioner Sir James Bevan,is spread across 3 acre at an investment of Rs 16 crore.
According to Alistar Morris,Helical UK Managing Director,the firm which manufactures Actuators and Valve Rotators,decided to open its manufacturing base in India at the behest of customers.
We have been in India since 2007. We took the decision to start manufacturing in India as it would save customers import duty, he said. Customs duty was around 13% on actuators. The installed capacity is around 4 million pieces per day,but it would now produce 1 to 1.1 million per day. The company is bullish with expected Euro V emission norms coming into force in a few years.