Endurance Technologies Limited announced that the Company has evaluated and approved capacity expansion for manufacturing aluminium Alloy Wheels (for two wheeler applications. The capacity expansion shall be at its existing facility at Chakan, Dist. Pune and the estimated investment is INR 450 million.

Details as per SEBI Circular are given: Existing capacity: 190,000 sets (front and rear) of Alloy Wheels per month, Existing capacity utilization: ~98% of the existing capacity, Proposed capacity addition: 40,000 sets of Alloy Wheels per month; Period within which the proposed capacity is to be added: Expansion is expected to be completed by April, 2024; Investment required: INR 450 million; Mode of financing: Internal accrual; Rationale: Increased customer demand.