Japanese firm Daicel Corporation will be setting up an airbag inflator manufacturing plant at CapitaLand’s OneHub Chennai, an industrial township located on Old Mahabalipuram Road with a planned investment of about Rs 230 crore in the first phase. The firm will start its operations by December 2023.
“Until now, we have been supplying products to the Indian market from our production site in Thailand and other countries”, said Takase Yoshifumi, MD, India Operations, Daicel Corporation. Adding to this he said, “However, due to the growth potential of the Indian automobile manufacturer and airbag module manufacturer supply chains in India, we have decided to establish a local production site at OneHub Chennai.”
He further said, “We will further strengthen our presence in the Indian market through stable production and supply of products, contributing to the development of the Indian economy through both inflator production and parts’ procurement in the country.”
In response to the growth in the Indian automobile market and tightening of safety regulations, Daicel Corporation established a sale base in October 2018, Daicel Safety Systems India Pvt. Ltd., DSSI in Gurugram, Haryana