1. Rane TRW Steering sets up airbag plant

Rane TRW Steering sets up airbag plant

Rane TRW Steering Systems, a 50:50 JV between auto parts major Rane group and ZF TRW, a global steering and other auto parts major...

By: | Chennai | Published: August 25, 2015 12:58 AM

Rane TRW Steering Systems, a 50:50 JV between auto parts major Rane group and ZF TRW, a global steering and other auto parts major, has set up an assembly plant for airbags. The plant has an initial capacity of five lakh units per annum and would be expanded to one million by the end of this fiscal, said Harish Lakshman, the managing director, Rane TRW Steering Systems.

TRW, the global leader in airbag inflators, the main raw material, will support assembling airbags with imports from Germany and China. With three customers in hand — Ford India, Mahindra & Mahindra and Renault — the company sees huge demand for airbags in India going forward. “With the government legislation make it mandatory for all the new cars introduced effective October 2017 to have two airbags at the front side – driver and passenger – the demand for the same set to zoom in the months to come. We are in talks with other OEMs and hope to sign deals with them in the near future,” Lakshman added. “Currently 30% of the new cars produced come with the airbags and by 2017 it will become 50% and by 2020 we see 100%. We see the adaptation of airbags will be much faster than expected.”

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