Hi-Tech Private Limited (Advik) and Nikki Co. Ltd. have signed a Technology
Collaboration for CNG regulators in their efforts to bring sustainable
innovations in Compressed Natural Gas (CNG) mobility solutions to the Indian
market at an affordable cost.
Nikki’s established technology and Advik’s manufacturing capabilities, this
product will be made ready to cater to internal combustion engine applications
for the India passenger cars and commercial vehicles market.
new technology partnership will be responsible for the design, manufacturing,
marketing, and sales of compact CNG regulators in India and to global markets.
CNG regulators are used in CNG vehicles to depressurize and adjust the pressure
of the gaseous fuel filled in the fuel tank.
product has wide applications from cars to commercial vehicles to industrial
forklifts and stationary generators.
and Nikki share a strong technology focus and a commitment to supply innovative
technologies at an affordable cost. This new collaboration will further
spearhead our activities in India, enabling us to support existing and
potential new customers locally, and broadening our access to this new market,”
said Takashi Wada, President, Nikki Co. Ltd.
creation of an India-based partnership will enable Advik’s expertise to be
leveraged to fully localize production & supply chain and offer “Made in
India” products to Indian OEMs at affordable costs.
Bhartia, Managing Director, Advik Group of Companies said “With Nikki, we have
identified a strong partner in India whose technology is widely accepted across
several global customers. This partnership is a strategic step in entering
& growing the CNG business in India while further strengthening our relationship
with several key customers. The technology agreement is in line with the
company’s vision to be a key player in the alternate fuel market as the country
looks to diversify further away from fossil fuels into cleaner fuels. With
Nikki’s world-renowned technology for regulators, and Advik’s strength in
manufacturing, both companies aim to capture the burgeoning Indian mobility
market for CNG regulators. In line with the Government of India’s mandate for
Atmanirbhar Bharat, products out of this technical collaboration would be
manufactured in India and boost the Government’s initiative. With Advik being
selected for PLI,will enable India to adopt and indigenize leading global
technologies. The CNG regulator is part of Advik’s approved PLI and the OEMs in
India as well as the country will be benefitted at large.” Aditya further added
that “India will be a multi-fuel market and CNG will play a critical role in
widespread alternative fuel adoption”
Specialty chemicals company Lanxess has reached an important step towards more sustainability in its plasticizer portfolio: The Polymer Additives (PLA) business unit now offers a more sustainable solu...
Uno Minda, a leading Tier 1 supplier of proprietary automotive solutions to original equipment manufacturers, has launched its new premium range of alloy wheels in the Indian aftermarket in collaborat...
Greaves Retail, India's leading fuel-agnostic mobility solutions provider and a unit of Greaves Cotton Limited, has announced the launch of its complete range of e-rickshaw batteries under the brand '...