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Brakes India Invests $70 Million in Aguascalientes Foundry Plant

By Sara Rodríguez

Aguascalientes

February 29, 2024





 Brakes India, a leading manufacturer of brake systems and iron castings for automobiles, has announced a significant investment of $70 million to establish a new foundry plant in the state of Aguascalientes. This venture marks the company's first investment in Mexico, showcasing its expanding international presence in the global automotive market and its commitment to the development of Mexico's foundry industry.

"We are delighted with the support from the Aguascalientes government; the state boasts an educated and skilled workforce. I must commend the government for its proactive approach to partnering with global companies and furthering the economic potential of the region. The state has a reputation for safety, stability, and ease of doing business, with efficient administrative processes and a favorable regulatory environment," highlighted Sriram Viji, CEO of Brakes India.

The development of this new complex will occur in two phases, with the first phase expected to conclude in January 2026.

New Jobs

Aguascalientes Governor Tere Jiménez revealed that, thanks to its competitive advantages, the state remains among the top destinations for foreign capital. She noted that in 2023, the state doubled its foreign direct investment compared to the previous year, resulting in a record-breaking number of new jobs.

Meanwhile, Esau Garza de Vega, Secretary of Economic Development, Science, and Technology, expressed pride in continuing to diversify supply chains and strengthen ties with new trading partners. He thanked Brakes India for selecting Aguascalientes as the best option for establishing its first plant in Mexico.

The press conference announcing the new investment from India was attended by Surya Prakash, CEO and founder of Brakes India, and Tagosam Salazar Imamura, CEO of the Aguascalientes Industrial Development Trust.

This strategic investment underscores Aguascalientes' growing appeal as a hub for automotive manufacturing and reinforces its position as a key player in Mexico's industrial landscape.

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