by Autocar Pro News Desk , 22 Sep 2018
The Varroc Group's wholly owned subsidiary Varroc Holding of the Netherlands has signed a joint venture agreement of Elba, a privately owned lighting and electronics company in Romania.
Given the constantly increasing electronics content in automotive lighting products, the JV will will focus on electronics manufacturing, and will significantly support Varroc Lighting’s successful growth in Europe.
The JV will be located in Timisoara, Romania. As per the terms of the JV agreement, Varroc and Elba will contribute 70 percent and 30 percent respectively towards the JV.
Video: Interview with Varroc Engineering's Tarang Jain
Schaeffler India develops indigenous two-speed EV gearbox
by Mayank Dhingra 27 Feb 2021
Vitesco Tech’s high-tech electronics plant in Hungary goes on stream
by Autocar Pro News Desk , 26 Feb 2021
Advik Hi-Tech acquires Hanon Systems’ Bangalore unit