Sansera Engineering Signs MoU for 55 Acres of Industrial Land in Bengaluru

Sansera Engineering Limited was incorporated in 1981 in Bengaluru and started commercial production of passenger vehicle components in 1986. The company expanded its precision component manufacturing business organically in India by initiating supplies to the two-wheeler vertical in 1996, off-road vehicles in 2009, and light commercial vehicles in 2011. In 2013, a manufacturing facility dedicated to high-precision aluminum and titanium-machined aerospace components was established. In April 2017, Sansera acquired a 100% stake in Sansera Sweden, enabling entry into the heavy commercial vehicle vertical in the automotive sector, broadening the customer base, and enhancing geographical access to OEMs outside India. Sansera is a manufacturer and supplier of precision-forged and machined assemblies and parts for the automotive industry. These include crankshafts, connecting rods, rocker arms, and gear shifter forks. These parts and assemblies are essential for the engine, transmission, suspension, braking, chassis, and other systems in two-wheelers, passenger cars, and commercial vehicles.  Sansera is a supplier of precision parts for a range of industries outside the automotive sector, such as capital goods, off-roading, aerospace, and agriculture.

Sansera Engineering Limited is investing Rs. 2100 crore:

Sansera will use this investment to expand its manufacturing capacity over a 55-acre plot in Harohalli, Ramanagara district, where it will add Rs. 2100 crore in investment. The minister for large and medium-sized industries in Karnataka, MB Patil, made this statement.  The company plans to establish a training center to enhance the skills of the regional workforce, creating talent development and employment opportunities.

According to Mr. MB Patil, the introduction of cutting-edge technologies and best practices through this center will boost innovation and the regional industrial ecosystem.

Sansera’s increased manufacturing capacity by approximately Rs 3,000 crore will significantly increase its contribution to India’s export growth, as per the statement.

Sansera stock price:

Sansera stock price is Rs. 1,441.50, trading intraday today, and is up by almost 2% following the recent update on their MoU with the Karnataka government.

Conclusion: Sansera is expanding its presence by collaborating with government bodies and actively participating in India’s growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.