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Omax Autos plans chassis unit, profit up 33 pct

MUMBAI, Jan 23 (Reuters) - Auto parts maker Omax Autos Ltd. said on Tuesday its board approved setting up a unit to make chassis for medium and heavy commercial vehicles.

No further details were immediately available.

Separately, the company said net profit rose 33 percent to 66.6 million rupees on net sales of 1.8 billion rupees in the quarter to December 2006.