A regular participant at Busworld India, Pacoline Industries needs no introduction. Continuing its trend of introducing new products at the premium bus exhibition, the company presented an eye-catching mirror with an integrated digital clock, forged hinges, LED sign marker, and aluminum die-cast parts.
Speaking exclusively to MOTORINDIA, Mr. Sohael Shaikh, Managing Director, Pacoline Industries, said: “We have a new mirror with a digital clock in it that saves a customer from adding two products separately. On the lighting side, we have a sign marker with LED, in category 6 type, and a few new forged hinges and aluminum die-cast parts. As expected, the response from existing customers, OEMs, private bus fleet operators as well STUs has been very encouraging.”
The company which boasts of state-of-the-art manufacturing facilities in Pune is also mulling further expansion. Mr. Shaikh informed: “We have expanded the capacity with a few lines at our existing plant in Hadapsar (where the company has three facilities) to cater to these new products.”
“Each of our plants at Saraswadi and Bhosari is also reaching its full utilization and we are planning to add one more plant in the next three to four months in order to cater to the growing demand.” he added.
Notably, Pacoline has also started focusing on exports to European and North American OEMs which will call for dedicated lines. Growing local demand and technology change from conventional products to electricals also calls for an upgradation.
“Our focus is also on the electrical products. For EVs our existing products will be adapting to changes like the side markers, tail lamps which are all with LED technology that consumes less power and are hence energy efficient. We are even thinking of LED headlamps and are consistently reducing the weight of the products. Given the current demand, we have been able to grow at a CAGR of 20 per cent and with exports also beginning to contribute to our revenues, we would be improving the current growth rate,” the MD signed off on an optimistic note.