Studds sets up Asia’s biggest helmet factory in Haryana
Helmet manufacturer doubles production capacity to 14 million units per annum.
Studds Accessories, the world’s largest manufacturer of two-wheeler helmets in terms of volumes annually, has commenced operations at its new, state-of-the-art manufacturing facility at Faridabad in Haryana.
The company has made an initial investment of Rs 160 crore in the facility, which is spread over 5.5 acres. Apart from producing some popular helmets from its portfolio, including the Shifter and Thunder series, the facility will also produce bicycle helmets for the domestic market.
Studds has also recently begin operations at another manufacturing plant, which is India’s only facility with an in-house Expanded Polystyrene (EPS) production line. EPS is a crushable foam used in helmet production. Spread across 1.5 acres, this plant sees an investment of Rs 40 crore in the second plant, marking a total investment of over Rs. 200 crore in the new manufacturing plants.
The new plants will have production capacity of 7.5 million units of two-wheeler helmets and 1.5 million bicycle helmets per annum. These facilities will ensure direct employment for over 1,500 individuals. The highly automated plants employ the latest manufacturing processes including paint shop, moulding, visor coating, packaging and warehousing.
Commenting on the opening of the new plants, Sidhartha Bhushan Khurana, managing director, Studds Accessories, said, “This step is a testament to our commitment towards Make in India, for the world, reaffirming our role as the market leaders, with integrating some of the best manufacturing practices from across the globe. 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.”
With these two new facilities, Studs now has four manufacturing factories in the country, all of them located in Faridabad, Haryana. The company also exports its helmets to over 40 countries.
RELATED ARTICLES
Maruti's Kharkhoda Plant construction in full swing
Maruti Suzuki has proposed to spend more than Rs 7,000 crore for the construction and commissioning of this plant which ...
July 2024 From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024
July 2024 From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024
Vemuri Young Artist from India Recognized as one of the Winners at 16th Global Toyota Dream Car Art Contest
Vemuri Young Artist from India Recognized as one of the Winners at 16th Global Toyota Dream Car Art Contest