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Our Bureau

Pune , Nov. 15

THE Pune-based Honeywell Turbo Technologies India Pvt ltd, a wholly owned subsidiary of the $2.4-billion Honeywell Turbo Technologies, announced on Tuesday that it would start manufacture of a range of turbochargers to cater to the growing demand in the country's passenger and utility vehicle segments.

The company said the parent company will procure components from India worth $100 million in three to four years and also use the Indian operations, based at Hingewadi in Pune, to tap the export markets in Asia and Europe.

Mr Sanjay Sondhi, Managing Director, said the company will manufacture Honeywell's variable nozzle turbochargers for the first time in India and will initially manufacture turbochargers for Tata Motor's 1.4 and 2.2 litre engines.

The company has invested $10 million to set up the facilities which will initially manufacture 1,25,000 turbo chargers and eventually have the capacity to manufacture up to five lakh units.

Turbo chargers help vehicle users get better power, lower emissions and better fuel efficiencies. Tighter emission control norms coupled with increasing acceptance of diesel engines among vehicle owners is fuelling the Indian market for turbo chargers, which is estimated at four lakh units this year. It is expected to grow at 25 per cent over the next three to four years. While 50 per cent of the vehicles on European roads are diesel powered, the Indian market is expected to touch the 35-50 per cent level in the next three to four years.

Mr Sondhi said the company is to kick off commercial production of turbo chargers for the 1.4-litre engine this month while that for the 2.2-litre engine will go into commercial production in the first quarter of next year.

The company's export plans will take off next year, said Mr Sondhi. He said the company has at least one European customer lined up through its parent company.

Meanwhile, Honeywell Turbo Technologies has drawn up other plans for India and will place orders for components worth $20 million next year.

"We expect to place orders in India to supply machined and cast components and those requiring precision machining, among other things, worth $100 million in three to four years," Mr Sondhi said.

The company is also in negotiations with manufacturers of heavy commercial vehicles and has in its portfolio products for industrial and off-road applications, said Mr Sondhi. He said it will also tap the after or replacement market for turbochargers.

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