Thu, 24 Jun 2021
22.7 C
Durban

Auto industry stalwart returns to SA

Home Agriculture Auto industry stalwart returns to SA

ASHOK Thakur, who has been involved in international business in Africa for the past 25 years, has been appointed Chief Executive Officer of KLT Automotive and Tubular Products SA Pty Ltd, South Africa.

Thakur (60) took up the position in May after retiring from Mahindra. His various responsibilities during his career with Mahindra included a major involvement with setting up automotive import and export operations in Africa and running Mahindra SA as CEO for six years.

This was followed by further three years where he was responsible for the Indian conglomerate’s automotive and agricultural interests in Africa. Thakur returned to India in 2018 where he took up the position of Vice President – Group Public Affairs for the Mahindra Group’s engagement with Government at central and state level, until his retirement in April this year.

The South African subsidiary of KLT Group was established in 2009 as a Tier 1 supplier of automotive chassis and has continued to grow. Thakur has been charged with developing and driving KLT’s 10-year vision to lift the company to the next level in terms of product expansion and diversification as well as increasing production volumes.

KLT Group is a chassis and tubing supplier in India, with customers such as Tata, Mahindra, Daimler, Ashok Leyland and Volvo/Eicher and operates 11 plants. KLT Automotive SA, a subsidiary of KLT Group, currently employs more than 700 people and is the only chassis manufacturer outside of the OEM’s located on the African continent.

The South Africa entity currently operates four plants, located in Hammanskraal, Johannesburg, Brits and East London under the KLT and AVMY Steel Science banners. It has a track record of manufacturing automotive components such as chassis, B-pillars and various pressed steel components as well as supplying non-automotive parts such as tubular products and rolled form sections.

The KLT Group has invested more than R500 million in its South African operations to date and is a BBBEE compliant company. The empowerment group, Kapela Holdings, have a 30% shareholding in KLT Automotive SA.

“The group remains committed to strengthening its footprint in South Africa and other African countries and will continue to invest in new technologies and skills development as it grows its African business interests,” said Chairman and Managing Director Jubin Thakkar.

Most Popular

SPONSORED POST: On track with LIFTING CONNECT

LIFTING Equipment, tools, machinery, vehicles – all are essential to getting the job done. Keeping track of these items and mandatory legal inspections is...

Bay businesses secure over R8m in funding

FOUR manufacturing businesses have secured over R8 million in funding from the Eastern Cape Department of Economic Development, Environmental Affairs and Tourism. MEC for the...

Roadworks continue on busy EL airport route

EAST London motorists should expect traffic congestion until well into 2023 as roadworks continue on the airport route. That’s according to the Buffalo City Municipality,...

400,000 car milestone for Kariega plant

Volkswagen Group South Africa (VWSA) celebrated a major production milestone on Monday when the 400 000th unit of the current Volkswagen Polo rolled off the...