Auto components maker Pricol today said it has signed a licensing agreement with US-based Kerdea Technologies for oxygen sensors to expand its product portfolio in India.
The product will be made to cater to combustion engine applications in the two-wheeler and three-wheeler vehicle segments in India.
With this partnership, Pricol's intention is to expand its sensors portfolio in India and be ready for the upcoming Bharat Standard (BS)-VI emission regulations, the company said in a statement.
"Post the rollout of BS-VI norms by 2020, Pricol is expecting to add over USD 60 to 70 million to its top line with a healthy EBITDA margin with the products developed through Kerdea's technology," Pricol Managing Director Vikram Mohan said.
Oxygen sensors help maintain the right air-fuel mixture so that the engine run efficiently with emissions well within the regulatory norms.
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