Magneti Marelli sets up JV in India

By Bettina Mayer
Fiat-owned supplier Magneti Marelli and Endurance Technologies of India have formed a joint venture to make shock absorbers.
 
The partners aim to start production in India and Thailand early next year for local markets and for export.
 
The factory in India will be located in Chackan, in the region of Pune, Maharashtra. The Thailand plant will be at a site near Bangkok where the Endurance Technologies parent Endurance Group is already present.
 
The new company also will design and market shocks, including semi-corner modules and gas springs, for cars and commercial vehicles.
 
Endurance Technologies is part of an international group that specializes in the production of suspensions, transmissions and brakes. The company also makes parts in Italy and in Germany.
 
Magneti Marelli specializes in engine control systems, lighting and suspension components. It reported sales of 5 billion euros last year.
From: Automotive News Europe

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