Lokmat News Network
Chhatrapati Sambhajinagar
City industry forges international tie-up, aims at full vehicle component manufacturing
Nahar Industrial Group has entered a strategic joint venture with Italy’s Saga Group, marking a significant step in expanding the city’s industrial footprint in the automotive sector. The venture, to operate under the name Saga Nahars Autotech India Pvt. Ltd., will focus on designing and manufacturing advanced two-wheeler and four-wheeler components for markets across Asia and Europe. The partnership is expected to attract major automotive players and investments to Chhatrapati Sambhajinagar.
The Nahar Group will also expand its product portfolio to include hydraulic tubes for electric and internal combustion vehicles, exhaust manifolds, and rubber hoses. The move reflects a renewed focus on in-house design and production, with an emphasis on enhancing global competitiveness.
City industry gears up for full vehicle component production
The local industrial sector is preparing for a new phase of growth, with plans to produce all major components for two-wheelers and four-wheelers domestically. This initiative is expected to strengthen self-reliance and generate additional employment opportunities in the city.
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Nahars group expands, launches hydraulic tubes
“We are currently working in our manufacturing unit and will soon introduce hydraulic tubes. We will design and manufacture vehicle components and expand operations to three regions, including Pune, while supplying parts to major industry players.
- Harshal Nahar, managing director, Nahars Group India
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City eyes global investment
As the city prepares to attract investment, we take utmost pride in this significant international achievement. It will bring substantial investment opportunities and growth to our city.
- Utsav Machhar, CMIA president
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About Nahar Group India
Nahars Group India, also known as Laxmi Group, Laxmi Group is a premier manufacturer and supplier of high-quality automobile components to OEMs. We specialize in an extensive range of products for diverse automotive applications, including Two-Wheelers, Three-Wheelers (including premium segment bikes), Passenger Vehicles, and Commercial Vehicles.