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.