The Hindu Business Line : Hi-Tech, US partner to make parts for General Motors

Though declining to provide more details about the project, Mr Deep Kapuria, Chairman and Managing Director of Hi-Tech Gears, told Business Line that the project was currently in the prototyping stage and that the products should be ready by 2006.

In another initiative, Hi-Tech Gears is partnering with Getrag to set up an international purchasing office in the country.

"Getrag sources about $1.1 billion worth of components annually, mainly out of Eastern Europe. The sourcing would be done of components such as aluminium castings from tier-2 suppliers based in India," Mr Kapuria said. The companies are currently conducting a market study, which should be completed by the end of September, to assess the feasibility.

Getrag is an approximately $3.2 billion transmissions major.

Meanwhile, Hi-Tech Gears, which is a leading exporter of parts to Cummins, is bullish about the global opportunities for the company and is eyeing exports worth about Rs 25 crore this year.

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