Steelbird Hello-Tech goals to promote 10 million helmets within the FY24-25 primarily by growing the manufacturing capability at its Baddi plant, in Himachal Pradesh, to 50,000 items per day investing INR 105 crore.
The corporate has acquired extra land in Baddi for the growth. Additionally it is planning to arrange a brand new facility in Hosur, Tamil Nadu, investing INR 250 crore. Manufacturing is anticipated to start in two years, Rajeev Kapur, MD, Steelbird Hello-Tech, informed in a media interplay on the manufacturing facility in Baddi.
Within the FY23-24, Steelbird bought over 8 million helmets, reaching a income of INR 711 crore. The corporate is focusing on a income of over INR 900 crore for FY24-25 and goals to achieve INR 1,300 crore by 2026-27.
Steelbird launched a brand new product, the Fighter helmet, on Could 17, 2024 beginning at INR 2999. Additionally it is introducing 69 different helmet fashions this yr. The Fighter helmet options high-impact thermoplastic materials, twin DOT and BIS certification, dynamic airflow air flow, high-density EPS, a replaceable and washable inside, a reflective neck space, anti-scratch visor, and a micrometric buckle. It additionally consists of an interior sunshield.
The Fighter Helmet is accessible in varied configurations with choices together with anti-fog shields and Bluetooth.
The brand new facility in Hosur is meant to cater to the aftermarket and meet the calls for of varied OEMs based mostly in South India. The preliminary part of the undertaking includes an INR 100-crore funding, with manufacturing slated to start in two years. This growth is a part of Steelbird’s broader technique to reinforce manufacturing capabilities and broaden its product vary to satisfy rising home and worldwide demand.
The corporate stays devoted to innovation, positioning itself to attain its formidable objectives for the upcoming fiscal years.
