PROJECT

Projects

Summary of Investment Information

Project Number

47382

Company Name

NAPINO AUTO AND ELECTRONICS LIMITED

Date SPI Disclosed

Jul 5, 2023

Country

India

Region

South Asia

Projected Board Date

Aug 4, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 29, 2024

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Aug 29, 2023
Signed : Dec 29, 2023
Invested : Jun 27, 2024

Sector

Motor Vehicle Parts

Project Description

Napino Auto and Electronics Limited (Napino or the Company) is a leading manufacturer of electrical and electronic components for the 2-wheeler automobile industry in India. Its key product profile includes electronic control units, regulator rectifiers, electronic fuel injection systems, instrument clusters, electronic mobility components including converters, chargers, battery management systems and others. It has a 30+ year track record of supplying to leading OEMs in India with R&D-driven proprietary solutions. The proposed project will (i) part finance a capex plan, primarily for expanding existing capacity in plants(brownfield expansion); (ii) finance setup of a greenfield plant in Hosur-Krishnagiri, Tamil Nadu in India; (iii) finance the capex for setting up the motor manufacturing plant at Halol, Gujarat in India and (iv) strengthen company’s balance sheet by repaying debt taken to finance purchase of shares from a minority investor. 

Associated Advisory Engagement

    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation