Vitesco Technologies, Padmini VNA to set up JV for BS-VI powertrain solutions
Apr, 02 2021
Vitesco Technologies has partnered Padmini VNA Mechatronics for setting up a 50:50 joint venture for select powertrain technology solutions that meet the new BS-VI emission norms for domestic market
Germany-based Vitesco Technologies has partnered Padmini VNA Mechatronics for setting up a 50:50 joint venture company for select powertrain technology solutions that meet the new BS-VI emission standard for domestic market.
The product range of the new joint entity 'PV Clean Mobility Technologies' will be focusing on sensors and actuators, as well as fuel delivery modules for passenger cars, commercial vehicles as well as two-wheeler markets, a release said.
The aim of forging a partnership is to create an outstanding local supplier for the Indian automotive market by combining strengths and expertise in joint solutions for clean drive systems.
Besides, it will also open up major growth opportunities for both the companies, the release added.
Vitesco Technologies is a leading international developer and manufacturer of powertrain technologies for sustainable mobility, with system solutions and components for electric, hybrid and internal combustion vehicles.