(Maharashtra), July 31, 2020
Technologies and Padmini VNA Mechatronics, the two leading automotive suppliers
for future-oriented drives, have signed an agreement to form a joint venture company
- PV Clean Mobility Technologies - for offering selected powertrain
technologies for the Indian market that meet the new emission standard Bharat
Stage VI. This will offer major growth opportunities for both companies as they
will work hand in hand with their local customers to increase vehicle
efficiency and reduce emissions.
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 PV Clean Mobility Technologies, which
will be based in Gurugram.
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.”
to Peter Biber, Head of Business Development & Strategy Sensing and Actuation
Business Unit and board member of PV Clean Mobility Technologies, India offers
strong growth opportunities driven by the need for clean, efficient and
affordable propulsion technologies. He said, “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.”
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.”
VNA, headquartered in Gurgaon, is one of the leading manufacturers of auto –
components for the advanced automobile industry. Founded in 1991, the company
offers a wide range of high efficiency components for passenger cars,
commercial vehicles, two wheelers, three wheelers and tractor segment, with the
target to reduce fuel consumptions while maintaining safety and performance
standards at the same time. These components include eg EGR valves, throttle
bodies, vacuum modulation valves, pumps, solenoid valves, electronics and fuel.
in Regensburg (Germany), Vitesco Technologies - formerly the Continental
Powertrain Division - is a leading international developer and manufacturer of
state-of-the-art powertrain technologies for sustainable mobility. With smart
system solutions and components for electric, hybrid and internal combustion
vehicles, Vitesco Technologies makes mobility clean, efficient and affordable.
The product range includes electric drives, electronic control units, sensors
and actuators, and exhaust -gas aftertreatment solutions. In 2019, Vitesco
Technologies, a Continental business area, recorded sales of EUR 7. 8 billion
and employs almost 40,000 people at around 50 locations worldwide.