Bonfiglioli Transmissions today inaugurated a 42,500 sq. metre smart facility in Pune, and invested more than Rs 100 crore in the plant, of which 80 percent is powered by solar energy.
With the new facility being fully functional, the Indian subsidiary of Bonfiglioli Riduttori aims to better serve its markets in the western region, catering to more than 20 verticals in the discrete manufacturing and process sector, the press release noted.
It also intends to offer a wide range of customized products, reduce lead time, and quick delivery timelines due to increased proximity.
Bonfiglioli Transmissions is a subsidiary of Bonfiglioli Riduttori, a power transmission and drive solutions firm.
Kennady V. Kaippally, Country Manager of Bonfiglioli India, said, “We are committed to supporting industrial development in India by supplying smart and efficient systems required for Industry 4.0 operations. The western region represents a high-growth market, and we are expanding our assembly facility in Pune to meet the needs of the evolving market.”
Following the commencement of the new facility, Bonfiglioli Transmissions has expanded its team size, hiring more skilled staff and technicians. The company, in operation in India since 1998, has three production facilities: two in Chennai, and one in Pune. Currently, Bonfiglioli has a production capacity of over 3,50,000 units of gearboxes and gear motors, its flagship product categories. Its turnover for the 2022-2023 financial year is is Rs 1,428 crore and is scheduled to close at 1,650 crore for the year 2023-2024.