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Fiem Industries signs MoU with two Japanese companies

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Capital Market
Last Updated : Dec 04 2017 | 11:04 AM IST

For setting up JV to manufacture fuel pump module and IC connector assembly

Fiem Industries has signed a MoU with Aisan Industry Co., Japan and Toyota Tsusho Corporation, Japan for establishing a joint venture company in India to manufacture Fuel Pump Module and IC connector Assembly for two-wheelers and three-wheelers.

Fuel Pump Module will become mandatory for two-wheelers and three-wheelers w.e.f. April, 2020 under Bharat Stage VI (BS VI) regime. This is an advanced Emission Control System Product, which will have huge market in India under BS VI norms.

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First Published: Dec 04 2017 | 10:39 AM IST

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