Munjal Auto Acquires Majority Holding In Indutch Composites
Munjal Auto Industries Limited, over the past year, has expanded its customer, product, and Sector portfolios. It has added Bajaj and Royal Enfield in the Two Wheeler Sector, and the upcoming MG Motors, Wulling Motors, Shanghai Automotive and Tenneco in the Four Wheeler sector. The Company has also added various critical car body parts to its portfolios like CCB assembly, B and C Pillar, impact beams, and underbody floor.
Munjal Auto has entered into the design and manufacture of composites components and assemblies through the acquisition of a majority holding in Indutch Composites Technology Private Limited. The composite industry is at the cusp of huge growth in the coming years and the company is well prepared to take advantage. Presently Indutch manufactures wind mill blades and parts.