Hindustan Motors expects around Rs 200 crore in revenues from its newly formed auto component division in two years, reports Business Line.
The auto component division started at its Kolkata factory has begun supplying its products to tier-1 companies.
Some of the components, which will be sourced from Indian vendors include, machine components for engine and gearbox and malleable iron castings. Out of eight short-listed vendors, three each are from South and western India and the rest are based out of North, according to sources.
The company has phased out all the models and variants of Lancer except Lancer LX. Lancer LX sells around 200 units every month.
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