an investment of rs 175 crore in developing the new technology products of which about 70 percent has been already invested the balance is in the process of being made it has been funded through strong reserves and help of the companys swiss partner sourcing euro borrowings the partner sfs holds 51 percent stake in indoschottle and is listed on the zurich stock exchange supplies of the new tech products are about to commence to cummins the principal customer besides volvo and scania maruti suzuki however is yet to place its order the new business is likely to spike the companys growth to 1520 percent annually over the next 57 years starting this year pusalkar says with 4 plants the company has enough production capacity to support growth over the next 4 years the suppliers key competitors are the anand group bosch and bharat forge going forward indoscottles major growth will come on the back of exports driven by the small hatchback segment the companys target market is usa that has one of the highest cost structures in the world hence their preference for parts sourced from india here the passenger vehicle segment as well as the diesel engine sector will be the growth drivers key clients will be caterpillar and cummins pusalkar is however not deterred by the indian governments push towards electric mobility by 2030 he feels converting to electric technology and making accessible batteries and charging infrastructure will be a complicated exercise citing it as an ambitious target he believes the engine industry need not worry for the next 15 years instead it is focusing its attention on diversifying in the defence sector where indoschottle plans to tap a new joint venture possibly with an israeli company located in pune the jv is expected to materialize in another two years and capitalize on a new avenue of expansion for the supplier by shobha mathur etauto published on aug 5 2017 at 0754 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app indoschottle ashok leyland auto parts cummins oem wema homenewsauto componentsindoschottle targets rs 500 crore turnover in 5 years