UPDATE 1-Sona Koyo to set up plant with Japan's JTEKT

Newswire

(Adds details, quotes, forecast) MUMBAI, Aug 22 (Reuters) - Sona Koyo Steering Systems Ltd. and Japan's JTEKT Corp. plan to invest 1.5 billion rupees in a plant that would make column-type electric power steerings, a top Sona official said on Wednesday. The plant, with a capacity to make 500,000 steerings a year, would begin production by April 2010 and was projected to have revenues of 4.5 billion rupees from the third year of operation, Sona Koyo's Chairman Surinder Kapur told Reuters. ...

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