JTEKT India has informed the exchanges that its Board has evaluated and approved a capacity expansion plan for the company’s Constant Velocity Joint (CVJ) manufacturing line. The update has been disclosed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, along with the SEBI Master Circular dated 11 November 2024.
The company currently operates an estimated CVJ production capacity of 0.8 million units, with a utilization level of about 90%. To address rising demand from Indian OEMs, JTEKT India plans to add an additional 0.4 million units of capacity.
The proposed expansion is expected to be completed by August 2027. The investment amount will be finalised and approved by the Board as part of the installation planning process.
According to the filing, the project will be funded through a mix of internal accruals and borrowings. JTEKT India stated that the enhanced capacity will support demand requirements from fast-growing domestic automotive manufacturers.