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Home arrow News arrow Alliances and Joint Ventures arrow Best Group & Koki Technik GmbH form JV to make Transmission Shifting Parts
Best Group & Koki Technik GmbH form JV to make Transmission Shifting Parts Print E-mail
Written by Ganesh, Joseph   
Thursday, 10 July 2008
New Delhi: Best Group, a diversified group with activities in Automotive Components, Engineering Design Services and Education has tied up with Europe's largest manufacturer of Transmission Shifting Systems, Koki Technik Transmissions GmbH to manufacture Transmission Shifting Parts.

It's an equal 50:50 joint venture where both the partners will be investing Rs. 40 crores over a period of time. The scope of the partnership encompasses participating with OEM's from the Conceptual stage including design, development up to complete serial production.

These Transmission Shifting products will be manufactured at Best Group's production unit at Gurgaon and will be available in the market from 2009.

The forthcoming manufacturing capacity being installed will be close to around 7 lakhs units/year. While the major portion of the production will be sold in India, the Joint Venture will also export components and sub-assemblies to Koki Technik, GmbH. The initial exports by the JV company will start within this financial year for which the JV company has already received the order for 130,000 units from Koki Technik, Germany.

Koki Technik holds more than 50% market for transmission shifting modules in Europe. Having 25 patents, Koki Technik delivers yearly more than 5 Million Shift Towers & 9 Million Shift Forks worldwide. It has a group turnover of Euro 140 million with multi-location production facilities in Europe. In India, Koki's Transmission Shifting Systems are being used in the Indian market where the OEM's are importing the Gear Boxes from Europe, says Mr. Bernd Beltrame CEO, Koki Technik Transmission Systems.

Best Group is a 35 year old group and is a major player in the India market for Control Cables in the passenger car segment manufactured by Madhusudan Auto Limited, Gurgaon. The group is also a leading exporter with over 50% of its Cables production exported to Italy, France, Germany, Romania, Slovakia, Turkey etc. Present Group turnover is Rs.100 crores.

At present, the automobile manufacturers producing Gear Boxes in India are using relatively old technology products. The new JV will be the first company in India to manufacture new high-tech entire Transmission Shifting Systems and sub-assembly for automotive industry, says Mr.S.K. Jain, Chairman, Best Group. Also, with this tie-up, the Automotive Division of Best Group is moving up the value chain from being a manufacturer of Control Cables Systems to a manufacturer of Transmission Drive Line Solutions, adds Mr.Jain.

India, like Europe is a Manual Transmission driven market. Other major automotive markets globally like the US and South East Asian including Japan is primarily an Automatic Transmission market. Hence the technology evolution in Europe in the manual transmission domain is continuous with intensive R&D and innovation.

Last Updated ( Friday, 11 July 2008 )
 
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