Eberspächer and Sharda Motor sign exhaust after-treatment joint venture agreement
By Jim Gibbins - 1st March 2019
New Delhi / Germany - Eberspächer Exhaust Technology International of Esslingen, Germany and Sharda Motor Industries Ltd of New Delhi last month signed an agreement to create a joint venture of parity (50:50) ownership to supply exhaust after-treatment systems for trucks and buses to enable compliance with the new Bharat Stage VI emission standards, which come into force from April 1, 2020.
The two companies stated the joint venture would design, develop, produce and sell exhaust after-treatment systems for Indian commercial vehicle manufacturers. The products are to be utilized in trucks and buses from 2020 onwards. Sharda Motor, a local exhaust after-treatment system manufacturer in India, and Eberspächer, a global technology provider in emission control technologies for commercial vehicles, are each to own 50 per cent of the new joint venture, which is to be called Eberspächer Sharda Exhaust Technology Pvt Ltd.
