Endurance Technologies has announced a significant capital expenditure of ₹300 crore for setting up a new greenfield alloy wheel manufacturing facility in Aurangabad Industrial City (AURIC), Bidkin, District Chh. Sambhajinagar.
The new facility will be spread over 30 acres and is expected to start production in the second quarter of FY2025-26. This facility aims to meet the increasing demand for alloy wheels in the two-wheeler segment, driven by the benefits of fuel efficiency, better heat dissipation, and enhanced vehicle aesthetics.
As of 9:32 AM, shares of Endurance Technologies were trading 1.05% higher at ₹2,355.00 on NSE.
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