Steelbird to hike helmets production capacity with Rs 150 cr investment
The expanded capacity will also result in adding nearly 2,500 new jobs, the company said.
New Delhi: Helmet maker Steelbird Hi-tech India on Tuesday said it is investing Rs 150 crore to enhance production capacity at its plant at Baddi in Himachal Pradesh.
The company has bought 15,600 square meters of land adjoining to the existing plants.
"With an investment of over Rs 150 crore, the plant will be equipped with the sector's latest technology...It will soon be equipped to manufacture 44,500 helmets per day," Steelbird Hi-tech India said in a statement.
It will help the company to expand its product portfolio, add more models to the existing one and cover the entire spectrum of customer from low-end to premium-end, the company added. The current capacity at the plant is 22,000 helmets per day.
Commenting on the company's plans, Steelbird Helmets Managing Director Rajeev Kapur said, "road safety has become a very important concern in our country because so many fatalities are occurring and the government is putting a lot of efforts to save human lives. And this move is in sync with the government's effort to save lives."
The expanded capacity is expected to be ready by August 2019. It will also result in adding nearly 2,500 new jobs, the company said.