Bharat Seats has received approval for setting up new production facility at Moje Naviyani, Taluka Dasada in state of Gujarat at a project cost of around Rs 30 crore, in one or more phases, which is proposed to be funded out of internal accruals. The Board of Directors of the Company at its meeting held on March 25, 2019 has approved the same.
The rationale for setting up of this new production facility is presently to fall in line with the shifting of a certain model manufacturing by Maruti Suzuki India to Suzuki Motor Gujarat manufacturing facility at Gujarat. The setting up of this facility will lead to enhancement in the Company’s production capacity from time to time in line with customer requirements.
Bharat Seats is in the business of manufacturing complete seating systems and interior components for the automotive and surface transport. The company also operates research & development centre which handles projects from the concept stage through modelling, designing prototyping to testing and validation for the final product.
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