Vitesco Technologies and Padmini VNA Mechatronics, two leading automotive suppliers for future- oriented drives, have today signed a joint venture partnership. The new company, called PV Clean Mobility Technologies, will offer selected powertrain technologies that meet Bharat Stage VI emission standards in the Indian market.
The aim is to create a strong 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 the joint venture, which will be based in Gurgaon, India.
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.”
“India offers strong growth opportunities driven by the need for clean, efficient and affordable propulsion technologies, added Peter Biber, head of business development & strategy sensing and actuation business unit and board member of ‘PV Clean MobilityTechnologies’. “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".
Kabir Bhandari, co-owner of Padmini and Padmini board member of the new company, commented: “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".
Vitesco Technologies is a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. Its 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 7. 8 billion euros and employs almost 40,000 people at around 50 locations worldwide. Vitesco Technologies is headquartered in Regensburg, Germany.
Padmini 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 EGR valves, throttle bodies, vacuum modulation valves, pumps, solenoid valves, electronics and fuel