The company has already invested over Rs 204 crore in setting up production facility for manufacturing engine management system components. "We will increase the present investment in our plant to Rs 338 crore by the end of 2001 and to Rs 410 crore by 2004," company president and chief executive officer Hiromu Okabe at the inaugural function of Denso Haryana's plant at Gurgaon on Monday.

Mr Okabe said the company is expecting a turnover of Rs 278 crore during the current fiscal and it will go up to Rs 440 crore by 2004-05.

Speaking about Denso Corporation's other interests in the country, he said the company was considering entry into telematics sector.

"We want to expand into areas other than automobiles, telematics sector in India seems to be very interesting," Mr Okabe said.

However he said the company was still studying this sector.

At present, Maruti Udyog Ltd (MUL) is the sole customer of Denso Haryana which manufactures gasoline engine management systems. However, the company is also looking at other Japanese automobile manufacturers to increase its customer base. According to Mr Okabe, Denso's plant at Gurgaon would be the first in India to manufacture gasoline engine management systems, which would help domestic automobile companies to meet statutory emission norms.

The plant in Haryana is for manufacturing engine management components like ECU (Electric Control Unit), fuel pump, injector and ISCV. Denso Corporation has 47.9 per cent stake in Denso India, while the rest of the equity is held by MUL.

Denso also has a joint venture with Kirloskar Industries for manufacturing radiators and air conditioners. Its equity stake in the company is 89 per cent.

Besides these JVs it has 13 per cent stake in Subros Ltd for manufacture of airconditioners and 12.5 per cent in Premier Instruments and Controls Ltd (Pricol) for manufacture of instrument cluster.