The Pune-based Advik Hi-Tech, the leading global automotive component manufacturer, has won six orders for supply of transmission oil pumps from Magna Powertrain, the largest independent supplier of 4WD/AWD systems globally. Magna Powertrain is a part of Magna International, a global automotive supplier with leadership in product capabilities, which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure, and roof systems.
Advik estimates these orders to generate sales revenues of approximately Rs 350 crore (US$ 51 million approximately) over its lifetime and expected to commence from the calendar year 2018. The order contract is for the design, development, and manufacture of driveline oil pumps for passenger cars and SUVs. The oil pump will be instated by Magna Powertrain on its 4WD transfer cases to be assembled in Mexico, Germany, and Austria.
These oil pumps have been developed by the Advik Group’s R&D wing along with its technical partner, Trochocentric GmbH, Germany. Advik has also set up a warehouse in Mexico to enable it to be closer to Magna’s assembly plant.
Aditya Bhartia: “We are delighted that Magna has chosen us as partners for oil pumps for the driveline system. This latest cooperation with Magna exemplifies our customers’ confidence in our ability to deliver best-in-class products along with strong R&D capabilities and operational excellence.”
“We operate close to and in partnership with our customers to deliver innovative products that help our customer’s stay ahead in changing markets. We are delighted that Magna has chosen us as partners for oil pumps for the driveline system. This latest cooperation with Magna exemplifies our customers’ confidence in our ability to deliver best-in-class products along with strong R&D capabilities and operational excellence,” said Aditya Bhartia, managing director, Advik Group of Companies.
"We are proud of our entire team's commitment as well as the trust that Magna has placed in us to deliver flawless products. Milestones such as this demonstrate Advik's global leadership position in developing and producing oil pumps. Going forward, we expect to further expand into the four-wheeler oil pump space,” he added.
Advik Hi-Tech says it is already the world leader in the manufacture of oil pumps in the two-wheeler segment along with tensioners and CBS (Combined Braking System).