.jpg)
As per the latest report by Technavio, the Indian auto component market is poised for significant growth, at a robust CAGR of 25.7 percent (2023 - 2028). Within this dynamic landscape, Nahars Group India emerges as a prominent player with a rich legacy spanning over 45 years. Formerly known as Laxmi Group, Nahars Group India journey from stainless steel and aluminum utensil manufacturing to a renowned brand in Western India and Southern India is a testament to its unwavering dedication. A pivotal customer with Bajaj Auto marked the beginning of Nahars Group India foray into the automotive sector, expanding its operations to include component manufacturing for two and three-wheeled vehicles.
particular about their products. Their customer-centricity "Most stamping suppliers in India maintain in-house press shops, producing around 80–85 percent of components, including critical ones, to uphold consistent quality. While automation levels have historically been limited due to scale constraints, automotive suppliers are now automating press lines, particularly for high-risk manual tasks. Measures like compound tools, progressive tools, and coil feeders are being adopted to enhance productivity, reduce human intervention, and improve safety and quality", says Harshal Nahar, MD of Nahars Group India.
Serves Prominent Entities
Nahars Group India specializes in automobile component manufacturing and development, which includes a press shop, surface treatment, and welding operations. They manufacture products for twowheelers, threewheelers, fourwheelers, and commercial vehicles.
In addition, they offer customers complete fabrication solutions by being experts in welding processes like spot welding, CO2 welding, TIG welding, and seam welding. These processes are executed by robots, SPMs, & also manually. Harshal adds, "We are well positioned to fulfill customer requirements, particularly in the western and southern regions, due to the array of press machines we have installed. Presently, we supply prominent entities such as Bajaj, Honda, TVS, Royal Enfield, and Toyota as Tier II and Ashok Leyland. Moreover, considering the forthcoming demands of these clients, our current installed capacity assures us that we can accommodate their needs until at least the conclusion of 2025".
Moreover, sustainability is a core focus within Nahars Group India, recognizing the importance of balancing competitiveness with environmental stewardship. They prioritize responsible oil disposal and the recycling of scrap materials. With most plants already equipped with solar panels and plans to cover the remainder soon, they are making significant strides in renewable energy. Groundwater replenishment is achieved through well-digging to harness storm-water and rainwater runoff. Additionally, initiatives such as Zero Liquid Discharge Systems in surface treatment plants minimize water waste. While progress has been made, Nahars Group India remains committed to further sustainable practices for continuous improvement.
Nahars Group India plans to initiate larger press lines, incorporating robotic assistance to increase output and maximize investments
Subsequently, Nahars Group India process for handling client requests begins with a thorough assessment by the costing and feasibility teams. They analyze project requirements, propose process maps, and communicate any necessary adjustments to the client. Once approved, detailed commercial proposals are submitted. Upon client confirmation, tool development commences, focusing on minimizing scrap and maximizing yield. Depending on complexity, small to medium-sized parts are developed in 20-90 days, while larger components may take four–to seven months. Throughout, Nahars Group India maintains a commitment to quality and efficiency.
In conclusion, Nahars Group India's business landscape reflects a balanced dependency, with approximately 46 percent of CV, 23 percent on ICE 2WH, 24 percent on EV and ICE 2WH, balance in other segments. Recognizing the need for diversification, NGI has strategically entered higher value-added segments such as frames for motorcycles and scooters, steadily increasing its manufacturing capacity and market presence. By fostering close partnerships with customers and anticipating industry shifts, Nahars Group India remains resilient and poised for sustainable growth. Moreover, the new plant in the Hosur region underscores Nahars Group India’s commitment to catering to the premium segment, particularly the 350 cc and 450 cc bikes and scooters, positioning the company strategically for future success.
We use cookies to ensure you get the best experience on our website. Read more...
