HYCOM Engineering Plans ₹100 Crore Manufacturing Facility Near Bengaluru to Expand Production Capacity
HYCOM Engineering, based in Bengaluru, plans to invest ₹100 crore in a new manufacturing facility near Narsapur, Karnataka, with construction starting in 2027 and operations by 2028. The facility will enhance production of rotary joints, actuators, and slip rings to meet growing domestic and global demand. Current production capacities are set to increase significantly over the next five to seven years. The company aims to produce globally competitive components, leveraging India's skilled labor and cost efficiency.
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HYCOM Engineering is set to build a new manufacturing facility about 70 km from Bengaluru, aiming for completion by 2028 with an investment of ₹100 crore. This facility will consolidate operations from its Peenya site, focusing on rotary joints, rotary actuators, and electric slip rings.
Current production is 50,000 rotary joints, 18,000 actuators, and 12,000 slip rings annually, with plans to increase these figures to 200,000, 50,000, and 150,000 respectively over the next five to six years. The company also showcases electric slip rings for various applications, including EV charging systems. HYCOM's strategy centers on scale, specialization, and electrification to enhance global competitiveness.
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