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Delphi-TVS to invest an additional Rs. 500 crore in India |
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Written by Vijay
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Friday, 18 January 2008 |
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New Delhi: Delphi-TVS, the joint-venture company between the U.S.-based automotive component major Delphi and the TVS group, said it would invest over Rs. 500 crore in its manufacturing plant as well as in its technical centre in Chennai. The Delphi-TVS President, Mr J.S. Chopra, informed the media that most of the investments will go into manufacturing common rail systems.
The ‘common rail system’ is designed to enhance fuel economy and performance in ‘high speed direct injection’ (HSDI) diesel engines while meeting the stringent Euro IV and Euro V emission norms. With most of the car makers in India planning to manufacture diesel variants even for small cars, Delphi-TVS Diesel Systems expects a huge growth for such systems and hopes to achieve a sales level of Rs 1,200 crore by 2010.
The company will have three new products to offer the Indian automotive market: the ‘light duty CRS’ targeted at cars and SUVs, the ‘medium duty CRS’ for commercial vehicles and the UPCR (a unit pump based CRS) specifically designed as a cost effective technology for small engine four and three wheelers. The Rs. 430-crore company has three manufacturing plants : two plants located at Mannur and Oragadam near Chennai and one plant at Pant Nagar in Uttarakhand.
Delphi-TVS's customers include Tata Motors, Mahindra & Mahindra, Hindustan Motors, Ford Motor Company, Maruti Udyog and Perkins. The creation of a technical centre at its existing facility in Chennai will complement the current engineering facilities and focus on developing new products and applications to meet future emissions legislation. |