US-based diversified group MAT Holdings today said it is aiming at 66 per cent increase in turnover to USD 150 million by next year from its auto components business in India and will set up a new plant by 2011, to hike production in the country.

"In 2009, we achieved a turnover of USD 90 million from the country and we are now targeting to take it to USD 150 million by 2011," MAT Holdings Chairman and CEO Steve Wang told PTI.