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.