Caparo Group Exploring Possibilities for Carbon Fibre Auto Components Manufacturing in India

april 23 2012

London-based industrialist Lord Swraj Paul indicated that his 1.5 billion euro Caparo Group, which supplies components to all the major car manufacturers in the country, is exploring possibility of setting up plants in composite materials in South India. The group has built the world's fastest supercar Caparo T1 with the capability to touch speed of 0-60 mile per hour in 2.5 seconds and has been put up for sale for 280,000 pounds (nearly Rs 2 crore) in the UK. "We are exploring the possibility of setting up a plant for composite components for cars, most probably in South India," Lord Paul told PTI. He said the composite car is lighter and therefore consumes less fuel and is more eco-friendly. "It is the technology of the future," he said adding such components were used in aircraft like Boeing 787. The Caparo Group, one of the largest auto component makers in India with 32 manufacturing facilities, is looking to accelerate production in the country after posting "extremely well" growth in 2011 even when the global automobile market continued to remain sluggish, he said.

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