Rane Auto Parts

[Temika]

TheRane Group is an Indian industrial conglomerate, headquartered in Chennai. Beginning as a dealer for automobile, trucks and auto-parts in Madras in the 1920s, Rane has grown to encompass ten different companies as of 2013.

In late 2011 the group entered the defense and aerospace market by purchasing a 26% equity stake in SasMos HET Technologies Pvt Ltd. SasMos manufactures interconnection systems (cable harnesses) for various defence and aerospace purposes.[4] Group chairman L. Ganesh was quoted as saying that he foresaw "significant growth opportunities both in India and as an exporter."[4]

The initial investment of US$5 million, with a final projection of US$31 million, reflects Rane Madras LTD's confidence in the favorable conditions offered by Aguascalientes, highlighting aspects such as safety, efficient logistics and the presence of highly trained personnel.

Governor Tere Jimenez expressed her enthusiasm in this regard, noting that the state seeks to expand its participation in the most competitive markets globally, since it has the capacity to occupy the first place as a development power in Mexico and the world.

Harish Lakshman, vice president of the Rane Group, highlighted the family history of the company, now in its fourth generation, and emphasized that the new plant in Aguascalientes will join a global network of 28 facilities in India and the United States.

Rane Madras LTD specializes in the manufacture and distribution of steering and suspension systems, among other auto parts, thus contributing to technological advancement and innovation in the automotive industry.

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