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Argentum Motors owned by Ashish Deora to Expand Capacity to Produce 0.4...
Argentum Motors owned by Ashish Deora to Expand Capacity to Produce 0.4 Million Small Cars
Argentum Motors is set to expand its capacity for small cars to 0.4 million per annum. Argentum Motors would also start manufacturing 1-2 litre engines to cater to the demand for small cars
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 19, 2008 --
Argentum Motors is set to expand its capacity for small cars to 0.4 million per annum. Argentum Motors would also start manufacturing 1-2 litre engines to cater to the demand for small cars. The company is creating flexibility at plant to suit a larger range of vehicles. Existing facility, which can produce engines in the size of 1.3-1.7 litre, is being expanded for 1-2 litre. The company was also setting up a new paint shop and an assembly line which would have a capacity of 0.25 million-0.3 million cars per annum at an investment of INR 5,000 million.
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http://investing.businessweek.com/businessweek/research/stocks/private/snapshot.asp?privcapId=20407418

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