Kalyani Brakes has bagged an order to export 5,000 disc brakes per week to Bosch of the US.
The braking systems sourced by Bosch from Kalyani Brakes of the city-based Kalyani group will in turn be supplied to General Motors (GM) of the US for its passenger cars.
The export order from Bosch will enable Kalyani Brakes to quadruple its exports to Rs 10 crore in the current fiscal as against the previous year. "From May 2001 we will be supplying 5,000 units of disc brakes per week to Bosch of the US which in turn will supply these brakes to GM," said Satish Sekhri, managing director of Kalyani Brakes.
Bosch holds a 26.66 per cent equity stake in Kalyani Brakes and an equal amount of equity stake is held each by Nippon Air Brakes Company of Japan and the Pune-based Kalyani group. The balance 20 per cent is held by the public.
Tests are also being conducted by Kalyani Brakes to supply its disc brakes to GM cars manufactured in India too.
"The supply of disc brakes to GM and Honda in India are in the pipeline as the tests are underway and we expect the supplies to begin within 2001," said Sekhri.
Kalyani Brakes has a 50 per cent market share of the braking systems segment for the passenger car industry in the country. Almost 50 per cent of its revenues come from sales to Maruti Udyog Ltd.
