Key facts
- Kansai Paint will invest 10 billion yen ($63.3 million) in India.
- Production capacity for automotive and industrial coatings will double by fiscal 2030.
- Expansion includes three plants in Gujarat, Haryana, and Tamil Nadu.
- Kansai Nerolac approved a ₹600 crore expansion program.
- New capacity includes industrial paints, auto paints, auto refinish, thinner, powder coating, and industrial resins.
Kansai Paint plans to invest 10 billion yen ($63.3 million) to double its production capacity for automotive and industrial coatings in India by fiscal 2030. The expansion will involve constructing a new building at a plant in Gujarat and expanding equipment at two other facilities. This move aims to bolster the company's supply network in India, the world's third-largest automobile market, and maintain its 60% market share.
Kansai Nerolac Paints, a subsidiary, has approved a capacity expansion program worth approximately ₹600 crore across its manufacturing facilities in Gujarat, Haryana, and Tamil Nadu. This includes adding 1,750 kilolitres per month of industrial paints capacity at its Sayakha plant in Gujarat, along with powder coating and industrial resins capacity. Further capacity additions of 1,625 KL per month are planned for the Bawal plant in Haryana, and 900 KL per month for the Hosur plant in Tamil Nadu. These expansions are scheduled to be implemented in phases by the end of fiscal year 2029 and will be funded through internal cash accruals.