Rane TRW Steering Systems, a joint venture of Rane Group with the German ZF Group, opens new facility for occupant safety products at Tiruchirapalli (Trichy), Tamil Nadu.
The new facility will address the expected market demand and add capacity to localise the laser cutting of fabrics and airbag cushion manufacturing for captive and exports.
The company has invested around Rs. 400 million in the new facility. Initial capacity will be around 0.50 million modules per annum of Airbags and one million units per annum of Seat Belt Assemblies. Further, this would be ramped up to one million modules per annum of Airbags and two million units of Seatbelt assemblies in the next two years, with an additional investment of around Rs 250 to 300 million.
Harish Lakshman, Vice Chairman, Rane Group & Managing Director, Rane TRW Steering Systems Pvt. Ltd. said, “This new state-of-the-art facility will help us to address increasing demand for occupant safety products and enable us to further localize the airbag cushion manufacturing process. In this milestone of Occupant Safety Division, I would like to thank our customers and partner ZF for their support in this growth journey.”
Dr. Michael Büchsner, Executive Vice President, Passive Safety Systems Division, ZF Group added: “The Indian market is increasingly important for ZF Group and particularly for our Passive Safety Systems Division. Our joint activities with Rane are appreciated by local OEMs and support our competitiveness for global customers and platforms. The opening of the joint bag sewing plant in Trichy is the next logical step to further increase our vertical integration and thereby our customer service. That is only possible thanks to the continuous support by our JV partner Rane.”
Suresh KV, Head of ZF India, said: “Safety is becoming a key driver for tomorrow’s mobility. With this