Clutch Auto to set up joint venture in US

Clutch Auto (CAL) is planning to enter into a joint venture (JV) with a leading US-based tractor component manufacturer to supply clutches and related components for tractor market in the country.

The American partner will supply products to original equipment manufacturers (OEM) as well as after market sales service through its 3,300 odd retail outlets across the North American (US, Canada and Mexico) market.

The clutches will be supplied from CAL's plants in India. "The JV will be signed by the end of April and will allow CAL to penetrate the markets of northern America. We want to prioritise our export base in the US before thinking of any other markets," said VK Mehta, vice-chairman and MD, CAL.