Sharda Motor, the leading local exhaust aftertreatment system manufacturer in India, and Eberspaecher (to know more visit www.eberspaecher.com), the global technology leader in emission control technologies for commercial vehicles which meet the highest emission standards, entered into a 50:50 joint venture in India earlier this week.
Starting mid- 2020, exhaust aftertreatment technology in India is required to meet the new emission standard Bharat Stage VI. This represents a major technological leap from the previous Bharat Stage IV standard and requires far more complex emission control solutions. The joint venture plans to set up plants in Pune and northern India for the initial production.
In August 2018, the Esslingen-based supplier set up another joint venture company in China in order to meet the growing demand for effective emission control systems and ensure environmentally friendly mobility. With approximately 10,000 employees at 80 locations worldwide, the Eberspaecher Group is one of the automotive industry’s leading system developers and suppliers. The family business, headquartered in Esslingen am Neckar, stands for innovative solutions in exhaust technology, automotive electronics and thermal management for a broad range of vehicle types.
The team at Naik Naik and Company, led by Founder & Managing Partner Mr. Ameet B. Naik and Partner Ms. Radhika Iyer, advised Eberspaecher on the joint venture and technology collaboration.
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