New Delhi: Automotive component maker Paracoat Products (PCP) on Sunday said it expects to achieve the sales of Rs 250 crore in next two years on back of capacity expansion and entry into new verticals.

"From current sales of Rs 150 crore we expect to reach the sales of Rs 250 crore by 2014," Paracoat Products Director (Business Development) Rajesh Poddar said.

For this, apart from entering new verticals the company will strengthen its noise, vibration, and harshness (NVH) business by opening a new facility for EPP moulding at Ranipet in Tamilnadu and strengthening its Bhiwadi facilities, he added.

Paracoat has also entered into a new vertical of motor home project and has set up a plant near Haridwar in Uttarakhand for assembling PCP Terra Home Cars.

"The company plans to roll out 90 PCP Terra vehicles by the end of FY 2012-13," Poddar said.

PCP Terra motor home cum office is based on a standard pick-up truck, like Mahindra Genio, installed with frame made of fibre glass (FRP) and is fitted with all required facilities for seven persons, the company said.

The Uttarakhand plant has an assembling capacity of 300 PCP Terra home cars in a year and the company plans to expand the capacity.

"We intend to expand our capacity and by 2016 based on the market. We intend to make 500 vehicles by 2016," he added.

On being asked about how the firm is planning to raise the finances for its expansion plans Poddar said: "We plan to raise funds by internal accrual, debt from bank and PE funding".

At a later stage, the company also intends to open Caravan parks across the country through a group firm that will provide parking space to these motor homes.

(Agencies)