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Home arrow News arrow Alliances and Joint Ventures arrow Setco Automotive to form JV in India with FTE Verwaltungs GMBH
Setco Automotive to form JV in India with FTE Verwaltungs GMBH Print E-mail
Written by Ganesh   
Tuesday, 08 January 2008
MUMBAI: Setco Automotive Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 07, 2008, has decided to form a joint venture in India with FTE Verwaltungs GMBH, a leading manufacturer of clutch actuation system of Germany.

FTE automotive is a leading international manufacturer of hydraulic brake and clutch systems for passenger cars and commercial vehicles, as well as a competent partner for ABS solutions designed for motorcycles and scooters.

Setco, incorporated in May 1982, is the largest manufacturer of clutches for heavy and medium commercial vehicles in India and a market leader of Premium Quality Lipe Clutches for Medium & Heavy Commercial Vehicles (MHCV) in India and a major global player. Setco supplies to automobile firms like Tata Motors Ltd and Ashok Leyland Ltd.

Setco's ISO/TS 16949 certified manufacturing facility and registered office is located at Kalol (near Vadodara) Gujarat with the Corporate Office in Mumbai. 

 
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