Fiem Industries Signs MOU With Aisan Industry And Toyota To Form JV
2017-12-04 Alliance and Joint Ventures Transport Equipment Northern India
Fiem Industries Limited have signed a "Memorandum of Understanding" with Aisan Industry Co., Ltd., Japan and Toyota Tsusho Corporation, Japan for establishing a joint venture company in India to manufacture Fuel Pump Module and IC connector Assembly for two-wheelers and three-wheelers.Fuel Pump Module will become mandatory for two-wheelers and three-wheelers w.e.f. April 2020 under Bharat Stage VI (BS VI) regime. This is an advanced Emission Control System Product, which will have a huge market in India under BS VI norms.