Financial Daily from THE HINDU group of publications
Saturday, Feb 19, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Corporate - Alliances & Joint Ventures


Delphi to explore more jt ventures with TVS

Our Bureau


(From right) Mr Suresh Krishna, Chairman and Managing Director, Sundram Fastners; Mr Ratan Tata, Chairman, Tata Motors; Mr Guy C. Hachey, President, Delphi Energy Chassis Systems; and Mr T.K. Balaji, Managing Director, Delphi-TVS Diesel, at the foundation stone laying function of the technical centre of Delphi-TVS Diesel System near Chennai on Friday. - Shaju John

Chennai , Feb. 18

DELPHI, the world's largest auto component manufacturer, is exploring the possibilities of setting up more joint ventures with the TVS group, Mr Guy Hachey, President, Delphi Energy Chassis Systems, told newspersons here.

Mr Hachey participated in a function of Delphi-TVS Ltd, which celebrated the production of one million fuel pumps at its plant.

He said that with the success of Delphi-TVS, more joint ventures were possible. However, he declined to give any details.

Speaking at the function, Mr Hachey said Delphi saw its revenues from India operations to go up to $500 million by the end of this decade, five times as much as now. Delphi has so far invested $100 m in India and more investments are in the offing.

He said that Delphi-TVS would start producing common rails and filters from August. These products are key components of a diesel engine of `common rail injection' technology.

The technology, being cleaner and more efficient, is expected to rule the market in the coming years.

Speaking on the occasion, the Chief Guest, Mr Ratan Tata, noted that the "days of small incremental improvements in technology are history."

Indian companies will have to leap forward, he said.

Mr Tata recalled the scepticism that surrounded the Tata Indica project and how the car became a success.

Mr Suresh Krishna, Chairman and Managing Director, Sundram Fasteners Ltd, said that Indian companies needed to recognise the "global appetite for competitiveness" and the consequent business opportunities.

Observing that this "window of opportunity" could remain for about 10-15 years, Mr Krishna said that the success of Indian companies in the coming years would be determined by their ability to ramp up capacities quickly.

Later, Mr Ratan Tata laid the foundation stone for a `technical centre' at Delphi-TVS. The centre, being established at a cost of Rs 50 crore, will contain a range of equipment — such as a chassis dynamometer, cold room common rail engine test bed and common rail test beds, emission test facility and calibration equipment.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Tatra Trucks plans to launch new HCV


Sterlite signs supply contract with Chile's Escondida mine
Toyota Qualis variant
Merven Drug plans preferential issue
VLCC to expand to Dubai
Nava Bharat's new furnace takes off
MCA intends to have say in share buyback
PSU bond obligations will be honoured, say officials
Hindustan Motors to hive off 2 units; Actis to pick up stake
Zenith plans to hive off textile division
Chhabria family seeks exit from SWC biz — Calls for fresh bid on parent company
Crisil board backs S&P's open offer
Pantaloon to pick up 15.73 pc in Galaxy
Eskay K`n'it to expand capacity
Delphi to explore more jt ventures with TVS


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line