India’s Auto Parts Firm is Setting up Factory in Vietnam

Set-up factory in Vietnam

Pricol, the 40-year-old company in India, currently has 8 production facilities and 7 international offices.

As published on the India Times newspaper, Pricol is planning to expand operation in overseas markets by opening new plants and implementing acquisitions globally.

According to the CEO of Pricol, the company will set up new plants in Mexico and Vietnam… Along with it, the company is searching for acquisition targets in Europe to reach this market. All these plans are included in the company’s vision till 2020. By 2018, Mexico will be the largest market for auto parts and the project in Vietnam will be started in the following year.

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