Steelbird Hello-Tech India on Friday mentioned it plans to speculate Rs 105 crore to reinforce manufacturing capability at current crops as ait goals to roll out 1 crore helmets within the present fiscal.
The corporate will utilise the capital for capability enlargement in its crops based mostly in Baddi (Himachal Pradesh) and Noida (Uttar Pradesh).
“Our aspiration to provide 10 million helmets signifies our unwavering dedication to riders globally. With ECE-certified helmets, we’re not solely upholding stringent security requirements but in addition advancing in direction of international dominance,” Steelbird Hello-Tech India Managing Director Rajeev Kapur mentioned in a press release.
The corporate has allotted a capex of Rs 105 crore to gasoline the continued expansions to increase manufacturing capacities in current crops, he mentioned.
Kapur famous that Steelbird is trying to seize a big share of the European and American helmet markets, moreover consolidating its place within the home market.
With the helmet trade projected to witness outstanding development of over 13 per cent this fiscal, pushed by escalating two-wheeler demand and evolving rules, the corporate is poised for a sturdy development, he added.
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First Printed: Sep 01 2023 | 8:18 PM IST