Sona Koyo plans 800 mln rupees expansion by Jan

Newswire

NEW DELHI, Aug 26 (Reuters) - Sona Koyo Steering Systems Ltd plans to spend 800 million rupees by January for capacity expansion of its steering products, Chairman Surinder Kapur told reporters on Thursday. The auto parts maker expects FY11 sales to rise 20 percent as demand for components rise in a buoyant auto industry, he said on the sidelines of an automobiles conference. (Reporting by Sanjeev Choudhary; Editing by Harish Nambiar)

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