Advik Hi-Tech, a leading
global automotive component manufacturer announced that it has won 6 orders for
supply of Transmission Oil Pumps from Magna Powertrain, the largest independent
supplier of 4WD/AWD systems globally. Magna Powertrain is a part of Magna
International, a Global Automotive Supplier with leadership in product
capabilities, which include body, chassis, exterior, seating, powertrain,
active driver assistance, vision, closure, and roof systems.
Advik estimates these orders to generate sales
revenues of approximately Rs.350 crore (US$ 51 million approximately) over its
lifetime and expected to commence from the calendar year 2018. The order
contract is for the design, development, and manufacture of Driveline Oil Pumps
for Passenger Car & SUV. The oil pump will be instated by Magna Powertrain
on their 4WD transfer cases to be assembled in Mexico, Germany, and Austria.
These Oil Pumps have been developed by the Research & Development wing at Advik
Group along with their Technical Partner, Trochocentric GmbH, Germany. ADVIK
has also set up a warehouse in Mexico to enable it to be closer to Magna’s
Advik Hi-Tech is already the world leader in
the manufacturing of oil pumps in the 2-wheeler segment along with tensioners
and CBS - Combined Braking System. The Group has acquired worldwide presence by
servicing reputed global OEMs like ZF, Ducati Motor, Honda Motorcycle &
Scooter, PT Astra Honda Motor, Bajaj Auto, Suzuki Motorcycle, Hero MoroCorp.,
Yamaha, Kawasaki, Harley Davidson, Mahindra, Tata, Force Motors, Motori
Minarelli, Piaggio Vehicles etc.
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