Financial Daily from THE HINDU group of publications
Monday, Aug 01, 2005
Financial Daily from THE HINDU group of publications Monday, Aug 01, 2005 |
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Corporate
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Alliances & Joint Ventures Delphi, Varroc join hands for OE market Our Bureau,
Bangalore , July 31 DELPHI Corp and India's Varroc group have formed a strategic alliance to build motorcycle catalysts for the Indian motorcycle original equipment (OE) market. Delphi has a long history in the global design and production of motorcycle catalysts while Varroc manufactures parts for motorcycle and passenger car equipments such as plastic-moulded components, engine valves, forgings, starter motors and electronic ignition systems. The alliance - Varroc Exhaust Systems Pvt Ltd - will enable harnessing of their respective expertise, facilities and resources to set up a motorcycle catalyst manufacturing plant in the Varroc facility in Pune and help meet current motorcycle emissions standards in India. Delphi will provide the catalyst technology and manufacturing equipment. "This is a very innovative and exciting alliance which will deliver significant added value to motorcycle OEMs in India," said Mr Tarang Jain, Managing Director, Varroc group.
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