Business Standard

Fiem Industries signs MoU with Asian Industry Co., Japan

Image

Capital Market

For exploration of opportunities in business of canister for India two wheeler

Fiem Industries has signed a Memorandum of Understanding with Asian Industry Co., Japan for joint working to explore and gain the business of 'Canister' for Indian two wheeler and manufacturing by Fiem with the technical support of Asian Industry Co.

Canister is an emission control system product, that will have a huge market in India due to implementation of stricter emission norms for two-wheelers.

As per the amended Central Motor Vehicle Rules, 'Mass Emission Standard (Bharat State IV) shall come into force for two-wheelers manufactured on and after 01 April 2016 for new type of vehicle models and from 01 April 2017 for existing types of vehicle models.

 

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 26 2015 | 2:21 PM IST

Explore News