Rane Madras plans unit to supply parts to Tata Motors

MUMBAI, Aug 23 (Reuters) - Auto parts maker Rane Madras Ltd. said on Wednesday it would set up a manufacturing unit in northern Uttaranchal state with an initial investment of about 93 million rupees.

The unit would supply steering gears exclusively to Tata Motors Ltd. , Rane Madras said in a statement.