Uniparts Group to invest Rs 100 crore in capacity expansion

NEW DELHI: Uniparts Group, a global manufacturer of engineered systems and solutions for the off highway vehicle market, will invest Rs 100 crore to set up a facility in Ludhania and expand its Visakhapatnam plant, according to a top executive of the Noida-headquartered entity.

Uniparts, which operates six manufacturing facilities— five in India and one in the US—plans to expand into the fast-growing agri business and focus on construction, forestry and mining sectors to benefit from expected higher government investment in infrastructure.

Paramjit Soni, vice chairman of Uniparts, told ET that the company is working on new components and platforms under the 3-Point Linkage System, which forms the backbone of agricultural machinery globally, and will add new applications for tractors, harvest combines and other such vehicles.