Friday, Aug 14, 2020 | Last Update : 09:05 AM IST

142nd Day Of Lockdown

Maharashtra54831338184318650 Tamil Nadu3145202563135278 Andhra Pradesh2641421709242378 Karnataka1964941126333511 Delhi1494601343184167 Uttar Pradesh140775887862280 West Bengal98459671202059 Telangana8647563074665 Bihar8274154139450 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3811424922127 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland30119738 Arunachal Pradesh223115923 Chandigarh1595100425 Meghalaya11154986 Sikkim9105101 Mizoram6203230
  Business   In Other News  22 Nov 2019  Germany’s Nord opens third plant

Germany’s Nord opens third plant

THE ASIAN AGE. | MICHAEL GONSALVES
Published : Nov 22, 2019, 2:19 am IST
Updated : Nov 22, 2019, 2:19 am IST

The company has an installed capacity to produce 42,000 geared motors per annum.

Nord Drivesystems, the Indian arm of the Getriebebau Nord, the Euro 699 million German global leader in developing and manufacturing drive technology, which opened its third factory in Pune on Thursday is targeting 11 per cent growth to Rs 200 crore in its topline in December 2019 calendar year.
 Nord Drivesystems, the Indian arm of the Getriebebau Nord, the Euro 699 million German global leader in developing and manufacturing drive technology, which opened its third factory in Pune on Thursday is targeting 11 per cent growth to Rs 200 crore in its topline in December 2019 calendar year.

PUNE: Nord Drivesystems, the Indian arm of the Getriebebau Nord, the Euro 699 million German global leader in developing and manufacturing drive technology, which opened its third factory in Pune on Thursday is targeting 11 per cent growth to Rs 200 crore in its topline in December 2019 calendar year.

“We will touch Rs 200 crore sales turnover this calendar year ending December 2019 despite slowdown challenges,” PL Muthusekkar, Managing Director at Nord Drivesystems India told Financial Chronicle. Last year it had clocked  revenues of Rs 171 crore.

 

He said despite headwinds in some sectors, the demand for our drive systems has been growing. “In order to meet this demand and future demand, we have opened our third factory in Pune with an investment of 2 million euros or Rs 18 cr-ore,” Muthusekkar said.

The company has an installed capacity to produce 42,000 geared motors per annum.

Tags: nord drivesystems, getriebebau nord