1 Updates

Rane TRW Steering to start making airbags

Dec 13 2012, 2:28am CST | by

Chennai, Dec 12 (IANS) Automobile seat belt-maker and Rs.672-crore turnover venture Rane TRW Steering Systems Ltd (RTSSL) will get into manufacturing of airbags at its plant here, the company said Wednesday.

Chennai, Dec 12 — Automobile seat belt-maker and Rs.672-crore turnover venture Rane TRW Steering Systems Ltd (RTSSL) will get into manufacturing of airbags at its plant here, the company said...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Rane TRW Steering to start making airbags

Dec 13 2012, 2:28am CST | by

Chennai, Dec 12 (IANS) Automobile seat belt-maker and Rs.672-crore turnover venture Rane TRW Steering Systems Ltd (RTSSL) will get into manufacturing of airbags at its plant here, the company said Wednesday.

Chennai, Dec 12 — Automobile seat belt-maker and Rs.672-crore turnover venture Rane TRW Steering Systems Ltd (RTSSL) will get into manufacturing of airbags at its plant here, the company said Wednesday.

A statement issued by Rane TRW Steering, an equal joint venture between the city-based Rane Group and TRW Automotive of the US, said the firm would expand by manufacturing airbags.

The company said it would initially make 320,000 units per annum and in three-five years the production would be ramped up to 810,000 units.

"The total investment is around Rs.35 crore in the next five years to manufacture both airbags and seat belts," the statement said.

The manufacturing facility will utilise driver and passenger airbag technology developed by TRW in Germany. The airbags will be assembled out of the company's Chennai plant and the intention is to leverage the Rane Group supplier network in a phased manner.

IANS

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

IPad Air Giveaway 2014 is Online
IPad Air Giveaway 2014 is Online
Our sister site I4U News is giving away a brand new iPad Air or if you can wait an iPad Air 2. This is an $499 value.
 
 
Your Parent Or Kid Moved In: Are You Covered?
A record 57 million Americans now live in multigenerational family households — double the number in 1980, according to a new Pew Research Center study. And I bet many of them have the wrong homeowner’s or renters...
 
 
Pandora Looks to Challenge Terrestrial Radio's Dominance in Cars
Pandora Media is one of the largest Internet radio providers in the U.S. with more than 75 million active users. While the company’s active user count has increased at a robust pace historically, it is likely to slow...
 
 
Are General Manager Salaries About To Skyrocket? Will There Be A Front Office Salary Cap?
Are General Manager Salaries About To Skyrocket? Will There Be A Front Office Salary Cap?
It’s January 2026. New York Yankees owner Hal Steinbrenner gets out of his driverless car and triumphantly marches before the gathered press to introduce his prized new free agent. It’s a record-breaking contract—over...
 
 
 

Latest from the Network

11 killed in Argentina van accident
Buenos Aires, Sep 3 (IANS/EFE) At least 11 people were killed Tuesday when a van carrying teachers collided with a truck in Argentina, police said. The accident occurred about 7.45 a.m. near El Simbol, 1,000 km north...
Read more on Politics Balla
 
Diana Ross hosts 'barbecue' for son-daughter-in-law
Los Angeles, Sep 3 (IANS) Legendary singer Diana Ross hosted a "barbecue" for son Evan Ross and his wife Ashley Simpson. The 70-year-old star threw the party Monday for the couple, who exchanged vows on Sunday, to...
Read more on Celebrity Balla
 
Rebels seeking total independence from Ukraine
Kiev, Sep 3 (IANS/EFE) Russian rebels in eastern Ukraine urged Kiev Tuesday to recognise their independence and denied that peace proposals presented a day earlier in Minsk contemplated any plan to stay within Ukraine...
Read more on Politics Balla
 
Britney Spears spends $31,000 on pets
Los Angeles, Sep 3 (IANS) Singer Britney Spears' pets are living the life most humans would envy - she reportedly spent over $30,000 on her dogs. Tmz.com reports that according to new legal documents filed in her...
Read more on Celebrity Balla
 
UN says Gaza destruction 'unprecedented'
United Nations, Sep 3 (IANS) The recent conflict in the Gaza Strip has caused "unprecedented" destruction, leaving hundreds of thousands people homeless, the UN said Tuesday, quoting the latest assessment after the...
Read more on Politics Balla
 
Over 7,200 killed in Syria in August
Cairo, Sep 3 (IANS/EFE) As many as 7,219 people have been killed in Syria in August as fierce fighting continued due to the three-year-old civil war in the country, the Syrian Observatory for Human Rights said Tuesday...
Read more on Politics Balla
 
US doctor tests positive for Ebola in Liberia
Washington, Sep 3 (IANS) An American missionary doctor working in Liberia has tested positive for the Ebola virus, his organisation SIM USA announced Tuesday. The doctor was treating obstetrics patients at ELWA...
Read more on Business Balla
 
Anastacia slams Kim, Kanye
Los Angeles, Sep 3 (IANS) Singer Anastacia slams reality TV star Kim Kardashian and her husband Kanye West saying their need for attention is just so ill placed. The 45-year-old hit out at the star couple for having...
Read more on Celebrity Balla
 
EU to decide on new sanctions on Russia
Brussels, Sep 3 (IANS) The incoming European Union (EU) foreign policy chief Federica Mogherini Tuesday said the EU leaders will decide on new sanctions on Russia by Friday. "The package (of further sanctions) will be...
Read more on Politics Balla
 
Israel 'stands by' new land appropriation in West Bank
Jerusalem, Sep 3 (IANS) Israeli Foreign Minister Avigdor Lieberman Tuesday said his country "stands by its decision" to appropriate 1,000 acre land in the West Bank. "Gush Etzion settlement bloc reflects a wide...
Read more on Politics Balla