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Studds has invested Rs. 160 crore in a brand new helmet manufacturing plant and Rs. 40 crore in a brand new Expanded Polystyrene (EPS) manufacturing plant, each arrange in Faridabad, Haryana.
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Studds has invested Rs. 160 crore in a brand new helmet manufacturing plant and Rs. 40 crore in EPS plant.
Studds Accessories Limited has invested ₹ 200 crore in Haryana to arrange Asia’s largest Helmet manufacturing facility in Faridabad. It has spent ₹ 160 crore the ability which is unfold in an space of over 5.5 acres and together with bike helmets, Studds can even manufacture bicycle helmets for the Indian market. The firm has additionally invested ₹ 40 crore in a brand new manufacturing plant unfold in an space of 1.5 acres, and is India’s solely facility with an in-home Expanded Polystyrene (EPS) manufacturing line. EPS is crushable foam utilized in helmet manufacturing and is among the most essential security function within the helmet, offering cushion in case of a crash.
Also Read: Helmet Safety Norms To Be Revised; Sale Of Imported Helmets Allowed
Sidhartha Bhushan Khurana, Managing Director, Studds Accessories Ltd., stated, “This is a huge milestone for all of us at Studds as we move forward in the post-COVID era. This step is a testament to our commitment towards Make in India. With the goal of expanding our production efficiency, our new plants would provide employment prospects for local citizens as well as add to the overall economic growth. Currently, we have just begun operations and are planning to ramp up production gradually. With the commencement of our new plants, we have doubled our production capacity from 7 million to 14 million units of motorcycle helmets.”
Also Read: Royal Enfield Launches Limited Edition Pinstripes Helmets
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The new vegetation have a mixed annual manufacturing capability of seven.5 million models for bike helmets and 1.5 million models for bicycle helmets. In phrases of employment alternatives, it is going to guarantee direct employment for over 1,500 people. Both manufacturing models are extremely automated and convey among the greatest manufacturing processes to the Indian market, like paint store, moulding, visor coating, packaging and warehousing amongst others. Studds is at the moment exporting helmets to greater than 40 international locations and the brand new plant is aimed toward ramping up exports.
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