The RSB Group has entered into an agreement with the Andhra Pradesh Government to set up a state-of-art facility at Sri City at an investment of Rs. 60 crores to manufacture latest generation of propeller shafts to cater to Isuzu Motors and other global OEMs like Ashok Leyland, Daimler, etc., in south India.
The agreement was signed by Mr. SK Behera, Vice Chairman & Managing Director, RSB Group, in the presence of the State Chief Minister, Mr. Chandrababu Naidu, and other dignitaries.
Speaking on the occasion, Mr. Behera said this agreement would further boost the group’s market share by catering to CV/SUV/LCV segments.
RSB has an ongoing collaboration with Eugen Klein GmbH of Germany and Jidosha Buhin Kogyo Co. Ltd. (JBK) of Japan for manufacture of technologically advanced propeller shafts.