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Mitsubishi - VST JV commissions Diesel Engine Manufacturing Plant in Mysore Print E-mail
Written by Ganesh   
Friday, 24 October 2008
INAUGURATION OF MHI-VST DIESEL ENGINES PVT.LTD., MYSORE

Mysore: Mitsubishi Heavy Industries Ltd, Japan, (MHI) and VST Tiller Tractors Ltd, Bangalore,(VST), commissioned their first Diesel Engine Manufacturing Plant “MHI-VST Diesel Engine Pvt. Ltd.”, (MVDE) on 17th October 2008, at Metagalli, Mysore. The Joint venture was earlier inked in July 2007 between MHI - Japan having 90% holding and VST - Bangalore with 10%.  The total investment in the first phase of the Joint Venture is Rupees 415 Million.

Mitsubishi - VST JV commissions Diesel Engine Manufacturing Plant in MysoreThe company will join the big league of high speed compact Diesel Engine manufacturers in the world and will be the biggest manufacturer in India in this group.  The Company will create a world competitive business structure in technology, quality & price to be front ranking amongst engine manufacturers in India.

During the last 10 years the production of diesel engines in India has increased dramatically and the demand is growing at a very fast rate.  Mitsubishi will steadily expand its capacity in India to serve this rapidly growing demand.  The market for diesel engines both in India and worldwide is witnessing a tremendous growth and increasing the production capacity is a logical step.

“Together with our Joint Venture Company, we will be able to offer advanced Technology to the Indian market“, said by Mr. K. Yoshida, Exec. Vice President, MHI, Japan.  Speaking on the occasion Mr.V.K.Surendra, Chairman VST group said “with our fruitful association spanning four decades, the birth of another Joint Venture with Mitsubishi Heavy Industries, Japan is a very prestigious issue for us”. 

The New Plant with the best layout & state of the art equipments has an inbuilt capacity to give an output of 30,000 diesel engines per annum. The size of diesel engines to be produced here are with a power range of 9.6 KW to 27.6 KW, which is currently envisaged to suit the world’s market requirements. 

Backed by the Mitsubishi’s technology for clean diesel development, low fuel consumption, highest output to weight ratio and customized design, MVDE will manufacture & market these world class Engines under the Brand Name of “Mitsubishi”.  This will help to cater to the growing demand of both Indian customers and International OEMs based in India. The company intends to target a wide Customer base ranging from Gensets, Agri Machinery, Construction Machinery & Marine Applications.

Mitsubishi has its focus on the energy market with eco friendly technology and through innovative products and services sets out to be the most valued business partner of all its customers.

Incidentally MHI is also proud to be part of a trilateral strategic partnership initiative between important companies of USA, Japan & India, who have the equal value of democracy. These Companies meet periodically, which meeting is held privately to share and clarify the understandings of security, energy/environment and economic cooperation issues & reaffirm the triangular strategic relationship.

VST Tillers Tractors Ltd., (VTTL) promoted in late sixties by the south based VST Motors, as the first joint venture with the Mitsubishi Group, Japan for the manufacture of power tillers & agricultural machineries.  VST Tillers Tractors Limited, Bangalore is the pioneers and the largest manufacturers of power tillers & compact Tractors in India with a turnover of 1886 million rupees.  The company is also pioneers in the introduction of mechanized rice transplantation in India.  Its products are widely marketed under the brand name of “VST Shakti”.

Last Updated ( Friday, 24 October 2008 )
 
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