Wabco-TVS has entered into a supply agreement with original equipment manufacturer, Mahindra Navistar Automotive Ltd (MNAL), for development and long term supply of air compressor technology products for braking systems and clutch servo technology. The production is expected to start later this year, according to a company announcement to Bombay Stock Exchange. MNAL, a joint venture between M&M Ltd and Navistar Inc, is into manufacture of trucks and tractor trailers.
“By partnering Wabco-TVS in India for rigid trucks, we can create and sustain value in the market place through technology innovation that would enhance our products for local and export market alike”, said Rakesh Kalra, managing director, MNAL.
P Kaniappan, managing director, Wabco-TVS (India)Ltd, added that this new business further leverage company’s position in the local market and our ability to maximise value for our customers through improved vehicle safety, increased fuel efficiency and driver effectiveness.
Wabco-TVS, formerly known as Sundaram-Clayton Ltd, Brakes Division and was part of TVS Group.