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Maruti Suzuki India makes arrangements for supply of ventilators, masks and protective equipment

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Capital Market

To support India's preparation against COVID-19

Maruti Suzuki India has been entered into an arrangement with AgVa Healthcare, an existing approved manufacturer of ventilators. MSIL would work with AgVa Healthcare to rapidly scale up production of ventilators. The intention is to reach a volume of 10,000 units per month.

AgVa Healthcare would be responsible for the technology, performance and related matters for all the ventilators produced and sold by them. MSIL would use its suppliers to produce the required volume of components and use its experience and knowledge to upgrade systems for the production and quality control of the higher volumes. Any other assistance required would also be provided. MSIL would also help, to the required extent to arrange financing, and obtain all permissions and approvals required to enable the higher production. MSIL would provide these services free of cost to AgVa Healthcare.

 

Krishna Maruti, a joint venture of MSIL with Mr. Ashok Kapur, would be manufacturing 3-ply masks for supply to the Haryana and Central governments. Production is expected to start as soon as all approvals are received. Mr Ashok Kapur will provide 2 million masks free of cost as his own contribution.

Bharat Seats, a joint venture of MSIL with the Relan family, would be manufacturing protective clothing as soon as all approvals are in place. All manufacturing units would take maximum care to protect the safety and health of the workers in accordance with the government recommended practices.

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First Published: Mar 30 2020 | 10:56 AM IST

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