NSK Inaugurates New Plant in India
NSK Ltd. joint venture, Rane NSK Steering Systems Pvt. Ltd. (RNSS; Headquarters: Chennai, India; Chairman: Laxminarayan Ganesh), has established a new plant in Ahmedabad City (Gujarat, India) to produce electric power steering (EPS) systems. The plant inauguration ceremony was held on November 22, 2018.
The new Gujarat Plant (west India) joins three existing RNSS plants to cover the vast expanse of India. RNSS also operates plants in Chennai (southeast India), Bawal (north India), and Pantnagar (north India). Ahmedabad is an important economic and automotive industry hub in western India. The new Gujarat plant was established to respond to increasing demand and shorten lead times to better serve our customers.
Comment from Laxminarayan Ganesh, Rane Group Chairman
This investment represents an important part of our strategic plan to achieve business growth. We are growing by continuing to introduce new technologies and expand our product lineup. The Gujarat Plant has been established with the goal of becoming the top leader of EPS manufacturing in India.
Comment from Shigeyuki Suzuki, Executive Vice President at NSK
By locating the new plant at the automotive industry hub of Ahmedabad we will increase our ability to closely provide engineering and technical support to our customers in northwest India, and we will realize shorter lead times. NSK and Rane have been working together since 1997, and we are continuing to build on a long history of success.
|Location||Changodar, Ahmedabad City (Gujarat, India),|
|Investment||5.11 billion rupees (About 800 million yen)|
|Products||Electric Power Steering (EPS)|
|Production Capacity||250,000 units a year|
|Operating since||November 2018|
About NSK Ltd.
NSK started its journey manufacturing the first bearings in Japan in 1916, and has since developed into a global organization researching, designing, and manufacturing Motion & ControlTM solutions supporting essential mobility and industry applications. NSK is currently the top supplier of bearings in Japan, and is the third largest supplier in the world by market share.
Our responsive products and technologies, including a diverse range of solutions for high precision machining, are used to enhance automotive performance and industrial productivity while reducing energy consumption to unprecedented low levels.
NSK has been expanding globally since the 1960s, and, in India, jointly established a steering systems plant in 1997 (Chennai), and a bearing plant in 2007 (Chennai).
About Rane NSK Steering Systems Pvt. Ltd.
NSK Ltd. and the Rane Group jointly established Rane NSK Steering Systems Pvt. Ltd. (RNSS) in Chennai, India in 1997 to manufacture electric power steering systems for the Indian market. The company currently operates three plants: in Chennai, Bawal, and Pantnagar. RNSS was recently awarded the prestigious Deming Prize (2018) for excellence in Total Quality Management (TQM).
About the Rane Group
The Rane Group, founded in 1929 in Chennai, is a major automotive component manufacturer. The Group produces a wide range of products including steering systems, suspension, brakes, engine components, and hydraulic components.