Vitesco Technologies, powertrain business of Continental, has signed a joint venture partnership with Padmini VNA Mechatronics PVT,
Apr, 02 2021
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, Vitesco Technologies said in a release.
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 automotive supplier said.
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."
As per the company 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.
Both partners have a 50 percent share in the joint venture, which will be based in Gurugram, India.