CattiniIndia will invest Rs 20 crore to set up its manufacturing facility in Sanaswadi, Pune. The investment will be spread over five years and the company plans to initially manufacture gear synchronizers for commercial vehicles, a statement said.
The manufacturing facility is expected to start operations in January. The company plans to export the products to the EU market for the first few years, with local sales starting in the second phase of investment. The investment marks Cattini’s foray into the Indian market and is a significant step in the company’s growth strategy to expand its presence in the Asia-Pacific region.
The Italy-based group makes mechanical components and power transmission systems. While gear shifting is one of their main products, the company also produces other mechanical components which are used in a variety of industries including agriculture, construction, mining, marine, and industrial manufacturing