Auto-component manufacturer Wabco-TVS Ltd today said the company has been renamed Wabco India Ltd.
The name change comes in the wake of the company’s agreement with Sundaram-Clayton Ltd after acquisition of equity shares of Clayton Dewandre Holdings from TVS Group for the new name, a company press release here said.
Wabco Holdings, which is a global technology leader and tier-one supplier to the commercial vehicle industry, acquired a majority ownership in Wabco-TVS India in 2009.
“We are proud of our TVS heritage as it has helped us to build strong relationships with customers across India for over 40 years,” the Wabco India Wholetime Director, Mr P. Kaniappan, said.
The Wabco Chairman and CEO, Mr Jacques Esculier, said Wabco India was committed to sustain its success as a premier supplier and will continue to localise new technologies while setting new global standards for service levels.
Wabco India manufactures conventional braking products, advanced braking systems and related products for commercial vehicles. It has three factories located in Ambattur, Mahindra World City near Chennai, and in Jamshedpur.
In 2010-11, the company reported Rs 899 crore revenues and currently has over 1,100 employees, the statement added.