Another multinational company has planned to build its manufacturing facility at Khed City, Pune. Korean technology company AutoGen has signed a Memorandum of Understanding with Khed City in the month of March. It is one of the most significant alliances in the Indian automotive industry.
The state-of-the-art manufacturing plant is spread over an area of 16,000 square meters. AutoGen plans to commence the construction of the factory in the next couple of months. Khed City’s world-class infrastructure is ideal for a company like AutoGen. Spread over a mammoth 4200 acres, Khed City is an emerging smart industrial city offering the best-in-class infrastructure. It is designed to maximise the potential of established as well as emerging businesses. The excellent connectivity gives an edge to companies. Khed City encompasses residential, entertainment and educational facilities ensuring high quality of life for the people working and living here.
As Pune is an established automotive hub, the management at AutoGen is confident of forging several partnerships in the next few months. It is already supplying hot stamping parts to Mahindra & Mahindra since 2014. From the year 2018, AutoGen plans to deliver the parts to (M&M) from its local plant in India.The reason AutoGen is grabbing attention can be attributed to the fact that it would become the first localized automotive component supplier for M&M.
As a company that believes in cutting-edge technology, AutoGen intends to offer incomparable products to its clients. Hot Stamping (also known as hot press forming) is an advanced technology which produces ultra-high strength steel ensuring high safety in the event of a vehicle collision and weight reduction for high fuel efficiency. The high strength steel is formed into complex shapes by high temperature heating about 900 °C and subsequent rapid cooling in a press forming process.