Pune (India), July 30, 2020. With Vitesco Technologies and Padmini VNA Mechatronics PVT, two leading automotive suppliers for future-oriented drives have signed a joint venture partnership. The new company "PV Clean Mobility Technologies" will offer selected powertrain technologies for the Indian market that meet the new emission standard Bharat Stage VI. This not only opens up major growth opportunities for both companies. They are also working hand in hand with their local customers to increase vehicle efficiency and reduce emissions.
The aim is to create an outstanding local supplier for the Indian automotive market by combining strengths and expertise in joint solutions for clean drive systems. The product range is focusing on sensors and actuators, as well as fuel delivery modules for passenger car, commercial vehicle and two-wheeler-markets. Both partners have a 50 percent share in the joint venture, which will be based in Gurugram, India.
Anurag Garg, head of Vitesco Technologies India and board member of the joint venture explained: “Our commitment to clean air is fully aligned to local legislative norms. Apart from that our “in the market, for the market”- strategy ensures that our powertrain technologies are affordable for local markets. We are excited to working with all leading automotive manufacturers in India as their partner of choice through this joint venture.”
“India offers strong growth opportunities driven by the need for clean, efficient and affordable propulsion technologies, added Peter Biber, head of business development & strategy sensing and actuation business unit and board member of “PV Clean Mobility Technologies”. “With this joint venture we are able to provide our customers with optimal support on site. In order to meet local requirements in the best possible way, for example with regard to design and development lead times, we are bundling our strengths in a lean company that can act agile and flexible".
Kabir Bhandari, co-owner of Padmini and Padmini board member of the new company concluded: “Both companies have a long tradition of producing first-class products and the best quality standards. Together we are pursuing the mission of shaping the future of clean mobility. We see this as part of our responsibility to society and as a reliable partner for our customers".