Swraj Paul to open auto parts in South India

On Sunday, Paul said his Caparo Group, which already has 30 plants in India, is now planning to set up one more automotive components plant in the southern part of the country. Paul, Chairman of the UK-based one-billion euro industrial conglomerate focussed largely on steel products, has just taken over a leading trailer manufacturer for an undisclosed sum. The purchase of Manchester, Iowa based XL Specialized Trailers,marks the NRI industrialist-led group’s entry into a new business arena. 

Caparo India, through its multiple strategic business entities offers end-to-end solutions for automakers and engineering majors. The major clients of the group’s Indian unit already include big names like Maruti Suzuki, GM, Ford, Honda, Tata Motors, Renault-Nissan, Piaggio TAFE and JCB. Paul said the group is also looking to consolidate and diversify in the US, where it has tube making plants at 7 locations, besides one steel fabrication plant and one steel warehousing and stockholding facility. It is planning to enter the realty sector there.