Nissin Brakes spends $58 mln in new India plant

Newswire

MUMBAI, Aug 21 (Reuters) - The Indian joint venture of Japan's Nissin Kogyo Co Ltd is investing about 2.4 billion rupees ($58 million) in a manufacturing facility in the western state of Rajasthan to tap the fast-growing auto market. Nissin Brakes India Pvt Ltd said on Tuesday the plant would begin commercial operations by the last quarter of 2008. It will have an annual capacity to make 200,000 disc brakes for four-wheelers and 800,000 units for two-wheelers. The plant will initially ...

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