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Brakes India to Invest $70 MN in Setting up New Foundry Plant in Mexico

https://en.steelhome.com [SteelHome] 2024-03-06 17:58:46

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Brakes India, the leading supplier of braking systems in the Indian market, announced that it will invest US$70 million in a new foundry plant in the state of Aguascalientes, Mexico. The investment represented that the company made an effort to expand its business in the global automotive market.

The new investment will be separated into two phases, and the first phase is expected to be completed in January 2026.

Source: YIEH
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