‘Made in Gujarat’ gears for Ferrari, BMW soon

Oerlikon Graziano, the world’s largest manufacturer of precision gears and shafts, is likely to invest more than Rs100 crore to set up a manufacturing plant in Gujarat, a senior company official said.

Oerlikon Graziano supplies gears to Ferrari, Mercedes and BMW among other car manufacturers. Its products are also used in tractors and off-road vehicles such as road rollers and bumpers.  The company has two gear manufacturing plants in the country — at Kolhapur and Greater Noida. It has now finalised Gujarat for setting up its third plant.

“We have finalised Gujarat for our third plant and are looking for a suitable location. We will be investing around Rs100 crore for the plant,” SK Sehgal, director, Oerlikon Graziano, said.

The company requires around 30-35 acre land. It has identified Sanand, where leading car manufacturers such as Ford and Peugeot are setting up their plants, for its gear manufacturing unit.

With a capacity to produce 3.50 lakh units a year, the plant will create around 1,800-2,000 jobs. It would also produce shafts and sync assemblies, among other parts. The turnover from the plant would be to the tune of Rs500 crore over the first three years.

“We are likely to complete formalities for land acquisition for the plant by March. The construction of the plant will take another two years,” added Sehgal.