NEW DELHI, Jan 14 (AFP): US automobile component maker Delphi said Saturday it would invest five billion rupees (130 million dollars) to manufacture fuel injection systems in India.
The company, which has a partnership with India's TVS, will also set up a technical centre for product development in the southern city of Chennai, the Press Trust of India reported.
"The investment would be made over a span of four to five years," Delphi-TVS managing director T.K. Balaji was quoted as saying by the news agency.
Delphi-TVS currently makes 1,000 diesel pumps a day, the official said. The company has a turnover of 3.3 billion rupees (74 million dollars), which it plans to increase almost four-fold by 2010.