The Nepalese site opened in 2018, and is engaged in the manufacturing of bus seats. Meanwhile, the Bangladesh factory started making motorcycle seats last year, according to Sandeep Sareen, general manager for marketing at the company. He was speaking at Auto Expo 2020, held in early February at Pragati Maidan, New Delhi.
The Nepalese plant, based in the Rupendehi district, can make 1,000 bus seats/month, and is Dhaka, Bangladesh-based motorcycle seat unit can produce 5,000 units/month. 'The Dhaka unit opened recently, and will it take time to operate at installed capacity,' Sareen said.
MPPL operates eight sites in India, with one each in Gurugram, nearby Manesar, and Binola in Haryana. Other factories are located in Delhi, Neemrana in Rajasthan, Dadri in Uttar Pradesh, and two in Haridwar, Uttarakhand. Four of the sites make automotive seating. It has cumulative seat capacity of 15,000 two-wheeler seats/day, and 5,000 bus seats/month.
The company, which is headquartered in Gurugram, has exported to Kenya in the past. 'We have shipped few consignments to Kenya, and [are] very much open to more opportunities in that market,' said Sareen.
Commenting on the prevailing market scenario, he said: 'The domestic market is down by 50% compared to what it used to be about couple of years ago. The market started showing early signs of recovery from this year, but will start improving only from 2021.'
Established in 1989, MPPL aspires to have INR 5 bn ($70m) sales by 2022.
Meenakshi has also been expanding its product range, Sareen added. He explained that the company has recently made forays into the mattress segment, and also made neck pillows.
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