Indian auto-component manufacturer looking to penetrate the high-growth EV space and expand its operations through a joint venture partner.
The company is an automotive and original equipment manufacturer (OEM) operating out of its plant situated in Faridabad, Haryana. Established in 1995, it is well known for its easy-to-use and low-maintenance parts manufactured using the latest technologies and subject to continuous quality testing in order to maintain international standards. It benefits from 30+ years of group expertise, competitive pricing, and an in-house R&D department calling for constant innovation to keep up with trends prevalent in the industry.
The country is emerging as a global hub for sourcing auto components with the key automotive markets like the ASEAN countries, Japan, and Korea are geographically closer to India. Low-cost manufacturing (by 10-25%) as compared to Europe and Latin America, minimal restrictions on import-export, and growing integration in global value chains offer impetus to the industry. A stable government framework with increased purchasing power, a large domestic market, and an ever-increasing development in infrastructure have made India a favourable destination for investment.
The company is a pioneer in the production and distribution of a wide range of tube and hose assemblies catering to the 2-wheeler, 4-wheeler, MUV, LCV, HCV, tractor and off-road vehicle segments for OEMs and several other global customers.
Tube Assemblies-
Hose Assemblies-
N/A
The company is looking for a joint venture partner to expand existing business operations and add new production lines by leveraging the latest technological developments in the industry. Manufacturing EVs and their components is a major goal, and a suitable partner would be able to assist in increasing exports and build strong relationships in international markets.
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