Comstar Automotive Tech hopes big on domestic market
March 11, 2010 7:32 am
“Comstar was one of the largest producers of starter motor in the country, producing on an average about 11 lakh per year and 9 lakh starter kits.”
Comstar Automotive Technologies, with an export-oriented unit in Ford suppliers park at Maraimalai Nagar, Chennai, has placed big hopes in the domestic market for starter motors and alternators from new generation cars. The company is also hopeful of retaining its strong position in the export markets.
Comstar Director and CFO, Sat Mohan Gupta, said that in the past two years, the company has invested Rs 2 crore on testing facilities and product development.
The company has built enough capacity of 30 lakh starter motors to meet the expanding export market, which accounted for 90% of its sales besides the domestic segment.
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