On the Threshold of a Breakout Growth in the Auto Parts Manufacturing Space
Panchal Industries is on the threshold of a breakout growth in automotive space and is currently spearheading a major up scaling of its capacity in forging, casting, fabrication, machining and assembly to launch its multi-sectorial growth plan across automotive sector and also across sectors such as Energy (Oil & Gas, Power), Transportation (Railway, Marine, Aerospace) and Construction & Mining.
Part of Panchal Ventures, a US $40 million conglomerate with 250 global work force; Panchal Industries today has the second largest repository of metallurgical knowledge in the region and offers complete service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation. The company is also known as outsource manufacturing experts.
With a privately owned manufacturing facility in Ahmedabad, India and with several preferred contracted vendors (SMEs) across India & China, the company manufactures a wide range of safety and critical components for the automotive & non-automotive sector. It is the 9th largest manufacturer and exporter of automotive components and leading chassis component manufacturer in India.
Panchal Industries is now expanding and upscaling its manufacturing capabilities to launch its multi-sectorial growth plan specially across the automotive sector. It will add substantially to the workforce in the manufacturing plant in India and also add another manufacturing location by the end of 2013.
"As a company, we have grown very fast in the last 4 years specially in North America. We have added few of the very large player in the automotive industry and are happy to be now serving the American Auto Market at large," said Dhiraj Panchal, Founder & Managing Director, Panchal Industries.