Bharat Seats Limited announced that at its board meeting held on January 28, 2022, the board approved the setting up of new production facility at Block no.334, 335(old 158, 293) Village Hansalpur, Ahmedabad at a project cost of approximately INR 459.5 million, which includes the cost of building, plant and machinery. The said project cost is proposed to be funded out of internal accruals and borrowings. The rationale for setting up of this new production facility is to cater to requirement of principal customer, Maruti Suzuki India Limited and Suzuki Motor Gujarat Private Limited.

Going forward, the setting up of this facility will lead to enhancement in the company`s production capacity from time to time in line with customer requirements.