Magneti Marelli inaugurates new AMT plant at Manesar

Magneti Marelli has inaugurated a new facility in Manesar. This is the Italian company’s eleventh plant in India. It is built on an area of 7,500 square metres and the company has invested Rs. 150 crore in it.

Magneti Marelli will use the facility to manufacture automated manual transmissions (AMT). The popularity of the technology has been on the rise in India since it was introduced in the country in 2014. The company claims that more than 50,000 AMT units have been sold in 2014. At present, Magneti Marelli’s AMT technology is used in Maruti Suzuki and Tata cars.

The new plant is capable of churning out 2,80,000 AMT units every year and is expected to employ 115 people when fully operational. At present, it is manufacturing 1,20,000 AMT units annually. The plant will supply AMT kits to the domestic market and could also be used to cater to export markets.

Magneti Marelli will also continue importing AMT kits from Italy for use in the Indian market. At present, 4-5% of the Indian market uses automatic transmissions, out of which, more than 50% are AMTs. According to the company, the market for automatic transmissions is expected to grow to 30% by 2020.

Source: ET Auto