Pune: A Korean technology company dealing in automotive components, Autogen, is set to develop its manufacturing unit in the city with an investment to the tune of USD 14 million.
AutoGen has signed a Memorandum of Understanding (MoU) with Khed City, Pune.
Officials stated that it is one of the most significant alliances in the Indian automotive industry.
“The state-of-the-art manufacturing plant is spread over an area of 16,000 square metres. AutoGen plans to commence the construction of the factory in the next couple of months,” officials explained.