Sandhar Technologies Signs JV With Daewha Fuel Pump

Sandhar Technologies Signs JV With Daewha Fuel Pump

Sandhar Technologies Signs JV With Daewha Fuel Pump
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Sandhar Technologies has partnered with Daewha Fuel Pump, for a 50:50 joint venture, to supply fuel pumps, filters, wiper blades to Indian automotive OEM’s. The new company will be based in Gurgaon, Haryana.

In lieu of the JV, Daewha will provide the technology, know-how transfer as well as parts sourcing from Korea, and Sandhar will be responsible for the manufacturing, local operations and legal and statutory matters of the new corporation.

Speaking on the occasion, Jayant Davar, Co-chairman and Managing Director, Sandhar Technologies, said, “With this Joint venture we have taken one more step towards realising our objective of becoming a more diverse supplier to the Indian automotive OEM’s.”

Author: Anwesh Koley