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Stanadyne to infuse Rs 200 crore to set up its second plant in India

Tuesday, 17 Jan 2023
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US-based Stanadyne plans to set up its second plant in India at an investment of about Rs 200 crore and is exploring potential sites in western and northern India.

Stanadyn, which is a manufacturer and supplier of fuel pumps and fuel injectors for agricultural and commercial vehicles has a single plant in India located in Chennai. The prospective locations will thus help to expand its manufacturing footprint near the customer locations and leverage improved product synergy.

The company is looking to balance out its exports and domestic output and hence their revenue contribution even as it plans to launch new products aligned to the Indian emission regulations and cater to the projected growth of the OEM (original equipment manufacturer) market. This will altogether enhance the domestic share to 50 percent.

Real driving emission (RDE) norms mandating auto companies to install a self-diagnostic device in their models to monitor emissions real-time will be introduced in India from April 2023.

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