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Our Bureau

Pune, Nov. 10

The Advik group of companies, a manufacturer of components for two-wheelers, is foraying into oil pumps for four-wheelers in technical collaboration with Trochocentric GmbH, and has formed Advik Precision Pvt Ltd for the purpose.

Advik is setting up a new facility at Chakan, near Pune, for the manufacture of four-wheeler components. This will become operational by the end of 2010. It is also investing another Rs 15 crore to expand its present business by setting up a new facility near its plant at Pantnagar and an additional unit at Manesar.

Mr Aditya Bhartia, Managing Director, Advik Group, said, “Our company’s vision to design, develop, manufacture and supply automotive products to vehicle manufactures globally has led to the formation of Advik Precision.

“Our exclusive long-term technical collaboration with Trochocentric for design, development and manufacture of oil pumps will provide us access to cutting-edge technologies.”

Mr Cristof Haerle, General Manager, Trochocentric GmbH, said, “the demand in the Indian automotive industry made it logical for us to enter into a formal technical collaboration with a young company.”

The plant at Chakan will have an installed capacity to manufacture half a million oil pumps in phase-I and one million in phase-II. It will be equipped to manufacture oil pumps, water pumps and hydraulic tensioner for four-wheelers. The group expects to export 20 per cent of its production and touch a turnover of Rs 160 crore by 2013.

More Stories on : Outlook | Automobile Components

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