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 assembly plant.
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.
Ignyte Helmets, the premium brand of Steelbird Hi-Tech India Ltd., one of the world’s largest helmet manufacturers, has announced the launch of the IGN-58, a cutting-edge open-face helmet that merges ...
Studds Accessories Ltd., the world’s largest two-wheeler helmet manufacturer by volume for calendar year 2024, announced the launch of “Vogue D1 Square”, the 1st graphic series of Studds Vogue helmet.
Netradyne, a global leader in AI-driven fleet safety, announced the launch of its flagship Driver•i D-450 video safety platform and the latest DMS sensor in India.