Financial Daily from THE HINDU group of publications
Thursday, Feb 24, 2005
Financial Daily from THE HINDU group of publications Thursday, Feb 24, 2005 |
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Corporate
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Announcements Bosch CRDi for M&M's new Scorpio Our Bureau
Bangalore , Feb. 23 AUTO parts company Mico said it has supplied its first locally applicated common rail diesel injection system (CRDi) for Mahindra's newly launched Scorpio 2.6 Turbo. A press statement from Mico on Wednesday said Mahindra and Mahindra with Mico and Bosch engineers applicated this technology under local conditions. A series of tests were also conducted in Spain, Germany and Switzerland. Bosch last year announced an investment of Rs 1,000 crore through its flagship company Motor Industries Co Ltd. Of this, Rs 550 crore will be spent towards introduction of a common rail system, including application, testing and manufacturing. Bosch has sold over 15 million systems globally so far.
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