• Skip to main content
  • Skip to primary sidebar
  • Startups
  • News
    • PC Bypoll 2021
    • Loksabha 2019
    • Assembly Elections
      • Search Name in Voters List
      • Know UR Polling Booth
    • Business
    • Letters to Editor
    • Vishwa Kannada Sammelana
    • Education
      • Did u know this
  • Infra
    • Real Estate
  • Lifestyle
    • History
      • Old Photos
      • Then & Now
    • Travel
    • Picnic spots
    • Ganesh Darshan
    • Food & Drink
    • Movies
    • ULB Polls
  • Specials
    • Stars of Belagavi
    • Trivia
    • Sports
  • City Guide
    • Weather
    • Air
    • Train
    • Bus
    • FAQ
    • IT Companies
    • KLE Centenary
    • iamBelagavi
    • Bapu – Bittoo
  • Food
  • Jobs
  • Covid19
All About Belgaum

All About Belgaum

Belagavi - Belgaum Latest News Online

belagavi
belagavi

Automotive components plant at Aequs SEZ in Belgaum

Jul 3, 2014 by Uday Jul 3, 2014 Leave a Comment

belagavi

Aequs, among India’s fastest growing precision manufacturing companies, laid the foundation for an automotive components plant at its 250-acre Aequs SEZ in Belgaum, Karnataka.aequs belgaum

The new automotive plant when functional will add machining capacity of over 100,000 hours annually and will support the company’s rapid expansion plans in the US and Europe markets this year. Aequs aims to increase its revenues from the automotive business to $30 million by 2020 and is scouting to establish joint ventures to add to its capabilities in this vertical.

belagavi

The new plant, which is expected to be operational from March 2015, will further strengthen Aequs’ emergence in the last few years as among the few Indian companies.

Integration of automotive manufacturing facilities at the Aequs SEZ would also enable it to benefit from central and state government incentives such as tax holiday on corporate income for 15 years, VAT, and stamp duty exemption and shared services turnkey support, among others.

Aequs’s automotive customers include Bosch, Jacobs Vehicle Systems and Bosch Rexroth. It is one of the preferred partners for Bosch in India and has provided zero defect delivery to the auto major for over six years now.

belagavi
Follow us on Google News google news belagavi

About Uday

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

About Us  |  Contact us  | Advertise  |  Terms