Autolite India To Enter Real Estate And Retail Segment

Autolite India established in 1970, in the field of Designing, Manufacturing and Market ing of Automotive Lighting products globally. The Company has made surprising growth in business through its innovative products at competitive prices. It is amongst few in the world who have installed Computerized Photometry Testing Equipments, CNC, CAD, CAM design and Tool manufacturing facilities Catia and Pro-E Softwares. Its testing laboratory is recognized by Govt. of India.

The board of directors of company has decided to enter into high profitable real estate & retail segment with regard to the possibilities of diversification in real estate business.

A high level committee has been formed for this purpose to explore the possibilities of real estate business with regard to SEZ, IT Park, commercial complex, residential complex, etc.

Shares of the company gained Rs 0.75, or 1.74%, to trade at Rs 43.75. The total volume of shares traded was 710 at the BSE (11.36 a.m., Monday).