Supply of CV cabin and body parts started; tool room established
Heavy duty plant established in Pune; heavy duty German presses imported; tool room expanded.
2 new plants founded in Pune; robotic welding and powder coating lines set up; CAD/CAM implemented in tool room; induction into the 'TPM' way of working started.
New plant set up in Pantnagar (North India); ERP implemented across all plants.
2nd plant in Pantnagar founded; internship programs developed with TU Berlin, Germany; supplier development programs like UNIDO initiated; manufacture of class A surfaces started
New plant set up in Dharwad (South west India); manufacture of entire CV cabin and load body started
New plant set up in Chennai (South India); Panse engineering centre ventures into product design, and processing high strength steel.
JV with Ferrabyrne Ltd., UK in rubber to metal bonded suspension technology.
New plant set up in Pune for JV company; production of rubber to metal bonded parts started.
EOU established. Exports started to Europe and North America. Manufacture of lightweight parts using Aluminium and high strength steel metals is started.