An Indo-German alliance
Apr, 02 2021
Headquartered in Regensburg, Germany, Vitesco Technologies is an international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. Padmini VNA Mechatronics, set up in 1991, is a leading manufacturer of automotive components in India, with a wide range of high-efficiency products such as EGR valves, throttle bodies, vacuum pumps, and fuel delivery modules among others for passenger car, commercial vehicle, two-wheeler, three-wheeler as well as tractor applications.
The partnership aims to create a strong local entity to cater to the domestic 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 Gurgaon
According to Anurag Garg, managing director and country head, Vitesco Technologies India, and Board member, PV Clean Mobility Technologies, “Our commitment to clean air is fully aligned to the 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 work with all leading automotive manufacturers in India as their partner of choice through this joint venture.”