15.06.2018
Sandhar Technologies has partnered with Daewha Fuel Pump, for a 50:50 joint venture, to supply fuel pumps, filters, wiper blades to Indian automotive OEM’s. The new company will be based in Gurgaon, Haryana.
In lieu of the JV, Daewha will provide the technology, know-how transfer as well as parts sourcing from Korea, and Sandhar will be responsible for the manufacturing, local operations and legal and statutory matters of the new corporation.
Speaking on the occasion, Jayant Davar, Co-chairman and Managing Director, Sandhar Technologies, said, “With this Joint venture we have taken one more step towards realising our objective of becoming a more diverse supplier to the Indian automotive OEM’s.”
In a recent interview with Economic Times, Mr. Jayant Davar, Chairman, Managing Director and CEO of Sandhar Technologies Limited, shared insights into the company's financial outlook and growth strategies for FY25.
The outbreak of COVID-19 has wreaked havoc on the automotive industry – OEMs and component suppliers have been bearing the brunt of this pandemic-induced country-wide lockdown that has brought production activities of automotive players to a standstill.
Sandhar-Whetron inaugurated its first facility for the assembly and testing of rear parking assistance system (RPAS), which was made mandatory under the AIS-145 regulations for all new passenger vehicle models in India.