Automotive part maker Steelbird. (Photograph: Steelbird)
As per the small print shared by the model through official launch, it goals to promote 10 million helmets in fiscal yr 2024-25, capturing extra shoppers within the nation.
The main automotive part maker Steelbird has been witnessing an amazing response for his or her helmet vary in India. After distributing greater than 8 million models globally, the corporate is all set to stage its recreation within the enterprise.
As per the small print shared by the model through official launch, the corporate goals to promote 10 million helmets in fiscal yr 2024-25, capturing extra shoppers within the nation. To realize the goal, Steelbird is leaving no stone unturned, placing efforts to increase capability at its present vegetation in Baddi, Himachal Pradesh.
Future Plan
The corporate says it has procured extra land in Baddi to spice up the operation additional. It is going to dedicate a capital expenditure (capex) of Rs. 105 crores for the initiative. As soon as finished, the manufacturing capability on the facility will enhance by 45,000 to 50,000 models per day.
New Manufacturing Facility
As well as, the model can be gearing as much as set up a brand new state-of-the-art manufacturing facility in southern India, doubtlessly in Hosur. It has the corporate is in beneath technique of boosting its portfolio, permitting clients to take pleasure in over 70 new vary of helmet fashions quickly. The upcoming sequence will hit the market with cutting-edge know-how, making them Bluetooth-enabled with higher airflow know-how.
Right here’s What MD Says
Reacting to the plan, the corporate’s MD highlighted that 300,000 people succumb to street accidents yearly in India, with the precise figures possible surpassing attributable to underreporting in areas missing sufficient site visitors enforcement. “Many states and districts in our nation lack correct site visitors enforcement, and quite a few accidents stay unreported. If we cross-reference the info with insurance coverage corporations, the numbers are considerably larger. Therefore, it’s crucial for us to urgently handle this difficulty, leaving no stone unturned,” Kapur added.
