Eberspaecher And Sharda Motor Sign Joint Venture Agreement
Eberspaecher Exhaust Technology International and Sharda Motor Industries Limited signed an agreement for a 50:50 joint venture. In future, in order to comply with the highest emission standard Bharat Stage VI, the new joint venture will develop, produce and sell exhaust after treatment stems for Indian commercial vehicle manufacturers. The products will be utilized in trucks and buses from 2020 onwards.
In future, exhaust aftertreatment technology meeting the new emission standard Bharat Stage VI will be manufactured at several locations. This represents a major technological leap from the previous Bharat Stage IV standard and requires far more complex emission control solutions. The standard will enter into force in mid-2020 and will be in line with the Euro 6 standard in Europe. For the initial start of production two new technology plants will be launched, one in the City of Pune and the other in Northern India. The first exhaust systems will be manufactured in the second half of 2019.