Skip navigation
Newswire

Minda to spend 400 mln rupees on new battery plant

MUMBAI, July 24 (Reuters) - Auto parts maker Minda Industries Ltd. said on Monday it would invest 400 million rupees to set up an automotive battery plant in the northern state of Uttranchal.

The company said it expected the battery unit to clock revenue of 500 million rupees in 2007/08.

Minda said in a statement it had a technical tie-up with Italy's FIAMM for the project.