Chennai-headquartered Sundaram-Clayton Ltd, a unit of TVS Group Companies, has decided to enter into the manufacture of internal combustion engines, initially for stationary application such as gensets and later for off-high way vehicles such as fork-lifts. 

Sundaram-Clayton is now mainly left with the foundry business and is eyeing to foray into other areas. 

Founded in 1962, Sundaram-Clayton Limited, through its subsidiaries, manufactures and distributes various automotive components in India. 

The company offers non ferrous low pressure die castings and gravity die castings to automotive original equipment manufacturers.

The company has reported a net profit of Rs 6.84 crore for the quarter ending September 2008 against Rs 7.8 crore reported during previous quarter.