Leading commercial vehicle and
engine manufacturer and Abhay Firodia controlled Force Motors has entered into
a non-binding term sheet with Rolls Royce Power System AG (R-RPS) to form an
Indian joint venture company for producing engines for power generation and
Besides, the joint venture
will produce complete power generation systems, including associated spare
parts for Indian and global markets.
The Indian joint venture company will also be building a dedicated facility at the Force Motors existing premises in Chakan, Pune in the state of Maharashtra.
Force Motors had in June 2016 inaugurated a new engine and axle assembly plant exclusively for Mercedes-Benz India in Chakan, Pune. The Firodia controlled company had invested around Rs 100 crore in the new greenfield facility. The plant has an annual capacity of 20,000 engines and 20,000 front and rear axles.
Force Motors also has a dedicated engine and parts assembly plant in Chakan for BMW.
Rolls Royce Power Systems
portfolio includes high speed engines and propulsion systems for ships, power
generation, heavy land, rail and defense vehicles. Rolls Royce has customers in
more than 150 countries. Its customers include 400 airlines, 160 armed forces,
70 navies and more than 4000 power and nuclear customers.
Force Motors is also the only
company in the world that produces engines for two of the leading European
premium car makers Mercedes and BMW. This new joint venture with Rolls Royce
opens up a complete new business opportunity with great potential for growth.
Prasan Firodia, Managing
Director Force Motors said, “It is a matter of great pride and satisfaction
that Rolls Royce Power Systems has decided to partner with Force Motors for
manufacture of engines for their rail and power generation systems. We look
forward to a long and mutually beneficial association”.
Force Motors is a fully
vertically integrated automobile company with expertise in design, development
and manufacture of the full range of automotive components, aggregates and
vehicles. Its flagship products the Traveller and the Trax are market leaders
in their respective segments.
Leading premium tyre manufacturer Continental Tires has commenced manufacturing 19-inch and 20-inch rim size tyres - ContiSport Contact 5, for premium sedans and SUVs. Further, the company has introdu...
Bolt, India’s largest EV charging network, announced the launch of Bolt Lite, India’s first safest, smartest and most affordable universal EV charging socket.
Renon India, one of India’s leading energy storage companies, has launched its swappable smart batteries, Groot, for electric 2-wheelers. The Li-ion battery pack for low and medium speed EVs is built ...