By IANS
Kolkata : Tata AutoComp GY Batteries Pvt Ltd (TGY), a 50:50 joint venture between Tata AutoComp Systems Ltd (TACO) and GS Yuasa International (GYIN), Japan, launched a range of eco-friendly two-wheeler and four-wheeler batteries here Monday.
"Tata Green, a series of hi-tech automotive batteries, brings the advanced technology of GS Yuasa of Japan. With this launch we have forayed into the retail and aftermarket segments of our business," TACO managing director D.S. Gupta told reporters.
To increase its production capacity, the company has also decided to invest Rs.1.2 billion in next three years at its Ranjangaon plant near Pune in Maharashtra.
"We have set a target of Rs.5 billion business in the next three years," said TGY CEO Yogesh Dhawan, adding the firm's revolutionary technology will offer customers the most superior product at an affordable cost with highest warranties.
TACO, promoted by the Tata Group, provides products and services to Indian and global customers in the automotive industry, including Ashok Leyland, DaimlerChrysler, Hyundai, Mahindra and Mahindra and Toyota.
TGY currently produces 0.5 million units of four-wheeler batteries a year and intends to take the production capacity to 2 million units with an investment of Rs.0.5 billion.
The company will set up a two-wheeler battery production unit with the capacity of 3.5 million units per annum in next three years with an investment of Rs.0.7 billion.
Launched in a phased rollout, Tata Green ranges of batteries will be introduced in 11 key states and will be available across the country in the next four months.