Basic HTML Version
64
MOTORINDIA
l
March 2012
to a different level in terms of pro-
viding quality solutions and satisfy-
ing customers, apart from its strong
technical and research capabilities.
The company is now installing a
fully-automated imported machine-
line to add to its existing production
line. Also, a new
ful ly-automated
assembly
and
packaging plant
will start function-
ing at the plant
in a few months’
time.
With
around
150 dealers across
the country, Tex-
spin also supplies
to the spare part
division
(SPD)
of OEMs. There
are also a good
number of exclusive Texspin deal-
ers, and the dealership would be
expanded in due course. Texspin
has had very good support from
the OEMs and is keen on provid-
ing solutions for the aftermarket.
From an initial share of 80 per cent
for OEMs, the company has
reached a 50-50 mark between
OEMs and aftermarket. Tex-
spin also exports its products
to many OEMs in European
countries, including Germany,
France, Spain and Italy, as
also to North America.
The company had a turnover
of Rs. 110 crores in 2010-11,
a 28 per cent growth from its
turnover of around Rs. 75-80
crores in 2009-10. It targets
a Rs. 140-crore turnover for
the current financial year. The
capacity of the Ranpur plant
is 12-13 million bearings per
annum, which is fully utilised.
Texspin has recently ac-
quired a 12-acre land in
Ahmedabad for setting up a
new plant to develop wheel
bearing hub units, concentric slave
cylinders, plastic parts and other
parts. The plant will have a capac-
ity of five million units. The total
investment on the new facility is es-
timated at around Rs. 55-60 crores
for phase-I.
w
Component zone
Mr. Bhupendra Makwana, Managing Director, flanked by Mr. Dipen Mak-
wana (left) and Mr. Vishal Makwana, Directors for Business Development
The state-of-the-art testing and validation centre