PSA: JV with CK Birla inaugurates Powertrain plant
(CercleFinance.com) - PSA Group and AVTEC (owned by CK Birla Group) have announced the inauguration of their new plant in Hosur, Tamil Nadu, India, as part of their 50/50 PSA AVTEC Powertrain joint venture, which was incorporated in 2017.
"This marks the formal start of industrial set up of this site, which will manufacture and supply technologically advanced and eco-friendly powertrain for the Global and Domestic Automotive market, in-line with the future industry norms and customer expectations," PSA said.
This plant will have an initial production capacity of approximately 300,000 transmissions and 200,000 engines that are compliant with the Indian BS-VI standard. The site has been installed in less than two years.
The initial manufacturing capacity of this state-of-the-art plant will be about 300,000 units per year for the transmissions and 200,000 units for the BS-VI compliant engines. The site was set up in record timing of under two years.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
"This marks the formal start of industrial set up of this site, which will manufacture and supply technologically advanced and eco-friendly powertrain for the Global and Domestic Automotive market, in-line with the future industry norms and customer expectations," PSA said.
This plant will have an initial production capacity of approximately 300,000 transmissions and 200,000 engines that are compliant with the Indian BS-VI standard. The site has been installed in less than two years.
The initial manufacturing capacity of this state-of-the-art plant will be about 300,000 units per year for the transmissions and 200,000 units for the BS-VI compliant engines. The site was set up in record timing of under two years.
Copyright (c) 2018 CercleFinance.com. All rights reserved.