EBERSPAECHER AND SHARDA MOTOR IN JOINT VENTURE
Eberspaecher Exhaust Technology International and Sharda Motor Industries Ltd. signed an agreement for a 50:50 joint venture. In future, in order to comply with Indians highest emission standard Bharat Stage VI, the new joint venture will develop, produce and sell exhaust aftertreatment systems for Indian commercial vehicle manufacturers. The products will be utilized in trucks and buses from 2020 onwards.
Exhaust aftertreatment system manufacturer in India, Sharda Motor, and Eberspaecher, manufacturer of emission control technology for commercial vehicles, each will own 50 percent of the new joint venture Eberspaecher Sharda Exhaust Technology Pvt. Ltd. "Our customers will benefit from this partnership because they will gain local market expertise coupled with our global technology and production know-how – for significantly reduced emissions from long-distance and distribution traffic in India," emphasizes Dr Thomas Waldhier, COO Eberspaecher Exhaust Technology. Ajay Relan, Managing Director Sharda Motor adds: “This partnership is an important step for our company in implementing high-tech products for a clean mobility."
Mid 2020 exhaust aftertreatment technology has to meet the new Indian emission standard Bharat Stage VI which will be in line with the Euro 6 standard. This represents a major technological leap from the previous Bharat Stage IV standard and requires far more complex emission control solutions. India skips Stage V. Eberspaecher Sharda Exhaust Technology Pvt. Ltd will start production in two new technology plants, one in the City of Pune and the other in Northern India. The first exhaust systems will be manufactured in the second half of 2019.
In August 2018, Eberspaecher set up another joint venture company in China in order to offer emission reduction systems for commercial vehicles, which will meet the China 6 standard from 2020 onwards.