New Plant- STUDDS Accessories Ltd
New Delhi, August 10, 2020.
Reiterating its commitment towards manufacturing in India, for the
world, STUDDS Accessories Ltd., the
world’s largest manufacturer of two-wheeler helmets (in terms of volumes sold
in a year), commenced operations at its new, state-of-the-art manufacturing facility
at Faridabad in Haryana.
Spread
across an area of over 5.5 acres, the Company has made an initial investment of
over Rs.160 Crore to set-up the largest
helmet manufacturing facility in Asia. Apart from producing some of the
most popular motorcycle helmets from STUDDS, including the Shifter and Thunder
series, the facility will also produce bicycle helmets for domestic market.
In
addition to setting-up the biggest helmet manufacturing facility in Asia,
STUDDS also recently began operations at
its another manufacturing plant, which is India’s only facility with an
in-house Expanded Polystyrene (EPS)
production line. EPS is a crushable foam used in helmet production and is the
most important safety feature in the helmet. Spread across 1.5 acers, STUDDS
has invested Rs. 40 Crore in the second plant, marking a total investment of
over Rs. 200 Crore in the manufacturing plants.
The new
plants will have production capacity of 7.5 million units of motorcycle helmets
and 1.5 million bicycle helmets per annum. These facilities will ensure direct employment
for over 1500 individuals.
Commenting
on the occasion, Mr. Sidhartha Bhushan Khurana,
Managing Director, STUDDS Accessories Ltd., said, “This is a huge milestone for all of us at STUDDS as we move forward in
the post-COVID era. This stepis a testament to our commitment towards Makein India, for the world,
reaffirming our role as the market leaders, with integrating some of the best
manufacturing practices from across globe. With the goal of expanding our
production efficiency, our new plants would provide employment prospects for
local citizens as well as add to the overall economic growth.
“Currently, we have just begun operations
and are planning to ramp up production gradually. With the commencement of our
new plants, we have doubled our production capacity from 7 million to 14
million units of motorcycle helmets.”
The
world-class facilities are highly automated and bring some of the best manufacturing
processes to the Indian market, including paint shop, moulding, visor coating,
packaging and warehousing.
With these
new manufacturing units, STUDDS now has four manufacturing factories in the
country, all of them located in Faridabad, Haryana.
STUDDS
is currently exporting its helmets to more than 40 countries and the new plant
is aimed at ramping up the exports. The company also plans to introduce a new range
of exciting helmets within this financial year.