Vega Auto Accessories Pvt Ltd, the main helmet producer, is putting in a new manufacturing unit at Belgaum at an investment of ₹a hundred crores.
The new plant, which might start operations by using 2020, would take production to 20,000 to 22,000 helmets consistent with the day, thereby, making Vega the world’s largest helmet producer, said Girdhari Chandak, Managing Director, Vega Auto Accessories.
At gift, the agency has three production units – two in Uttarakhand and one in Belgaum – with a complete manufacturing capability of 12,000 helmets according to day, he stated.
Chandak changed into in Kochi to launch a sequence of the world over certified helmets in the Kerala marketplace.
Of the anticipated ₹1,000-crore helmet marketplace within the country, the majority percentage is in the unorganised segment. Vega has 35 in line with cent share in the organised helmet market. But the proportion is plenty higher in South India, at 50 in step with a cent. Vishal R.Gite, country extensive advertising manager, said.
The organisation also caters to the export marketplace and of the overall manufacturing, around forty in line with cent is going to the US, Europe and Asian international locations. Vega is an original OEM and settlement producer, and it does contract manufacturing for numerous worldwide brands, he said.
Vega Auto Accessories also plans to double its supplier community to 800 through 2020, he delivered.