Fire breaks out at Varroc's lighting plant in Pune, no casualties reported
The plant manufactures lighting products for four-wheelers in India and contributes 2% to the consolidated revenue of Varroc Engineering.
Varroc Engineering (Varroc), the global Tier I auto component group, has reported a fire at its Hinjewadi automotive lighting plant in Pune. The plant manufactures lighting products for four-wheelers in India and contributes 2% to the consolidated revenue of Varroc Engineering.
The incident is understood to have occurred at about 3.15 am today when fire erupted outside the manufacturing block and then spread to the packaging area. The fire was brought under control with the support of internal and external agencies at about 5:45 am. There have been no human casualties reported, the company said in a regulatory filing.
The company added that it is in the process of ascertaining the actual loss caused by the fire and is taking adequate steps to ensure customer service at the earliest. The company further added that the incident will have no significant impact on its operations and also that it has adequate insurance coverage.
RELATED ARTICLES
Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws
The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...
VinFast’s second plant in Vietnam goes on stream ahead of India factory
Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...
Continental exits TBR market in India, shifts focus to car and SUV radials
German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...