WABCO India Ltd. announced that it is currently exports from the Mahindra World City plant and caters to the domestic customers from its Ambattur plant. There is no scope for further expansion at both the plants as 100% of the land & floor space has been utilised. There is an immediate need for setting up a new manufacturing unit to cater to the increased demand and support growth in exports. In this regard, the company has identified land parcels at Phase II, SIPCOT Industrial Estate, Oragadam Tamilnadu with Land Parcel-A admeasuring 31.5 Acres and Land Parcel-B admeasuring 18.5 acres totally admeasuring 50 Acres on lease for a period of 99 years towards setting up of a manufacturing unit. In this regard, the board at the previous meeting held on May 17, 2021 approved entering into a lease deed with the SIPCOT Industrial Estate for expanding the company's operations. The company has signed a MoU with the Government of Tamil Nadu for this proposed expansion project, in the presence of Honourable Chief Minister of Tamil Nadu, Thiru M . K Stalin. The new project is envisaged to be a Center of Excellence for manufacturing excellence catering to both export and domestic customers. In this regard, considering the strategic advantages, the board of directors at their meeting held July 28, 2021, have decided to incorporate a wholly owned subsidiary in Tamilnadu with an authorised and paid up capital of INR 10 million in the state of Tamilnadu for this expansion.