Studds Accessories, the world’s largest manufacturer of two-wheeler helmets in terms of volumes annually, has commenced operations at its new, state-of-the-art manufacturing facility at Faridabad in Haryana.
The company has made an initial investment of Rs 160 crore in the facility, which is spread over 5.5 acres. Apart from producing some popular helmets from its portfolio, including the Shifter and Thunder series, the facility will also produce bicycle helmets for the domestic market.
Studds has also recently begin operations at another manufacturing plant, which is India’s only facility with an in-house Expanded Polystyrene (EPS) production line. EPS is a crushable foam used in helmet production. Spread across 1.5 acres, this plant sees an investment of Rs 40 crore in the second plant, marking a total investment of over Rs. 200 crore in the new manufacturing plants.
The new plants will have production capacity of 7.5 million units of two-wheeler helmets and 1.5 million bicycle helmets per annum. These facilities will ensure direct employment for over 1,500 individuals. The highly automated plants employ the latest manufacturing processes including paint shop, moulding, visor coating, packaging and warehousing.
Commenting on the opening of the new plants, Sidhartha Bhushan Khurana, managing director, Studds Accessories, said, “This step is a testament to our commitment towards Make in India, for the world, reaffirming our role as the market leaders, with integrating some of the best manufacturing practices from across the globe. With the goal of expanding our production efficiency, our new plants would provide employment prospects for local citizens as well as add to the overall economic growth.
“Currently, we have just begun operations and are planning to ramp up production gradually. With the commencement of our new plants, we have doubled our production capacity from 7 million to 14 million units of motorcycle helmets.”
With these two new facilities, Studs now has four manufacturing factories in the country, all of them located in Faridabad, Haryana. The company also exports its helmets to over 40 countries.