Fenner India to enter automobile engine mounts

Chennai: The Chennai-based Rs 350 crore turnover Fenner (India) Limited is planning to manufacture engine mounts and dampers in partnership with a European company.

The company that makes oil seals, V-belts and power transmission products (pulleys, bushings and couplings) finds a strong potential for engine mounts in the growing domestic passenger car industry.

"The initial production will be for the European company as a buy back arrangement. We will later target the domestic market," says V Abraham, senior vice president (Technology and Development).

According to him, Fenner India is likely to sign the deal soon with its new European partner and the initial order will be for around 8 lakh pieces.

"The company would invest around Rs 3 crore for this project. The production will be at our Madurai plant in Tamil Nadu," he adds.

At present dampers are made mainly by small-scale manufacturers, says Abraham.