Eberspaecher Exhaust Technology International has recently made it to the headlines for signing a fifty-fifty joint venture agreement with Sharda Motor Industries Ltd. Going forward, the new joint venture will produce, design, and sell aftertreatment systems for commercial vehicle producers in India, in a bid to conform to the highest emission standard Bharat Stage VI, claimed trusted sources.
Sources familiar with the development state that Sharda Motor, which is India’s leading local exhaust aftertreatment manufacturer and Eberspaecher, the global leader in emission control technologies for commercial vehicles which adhere to the highest emission standards, will each own 50 percent stake in the new joint venture named Eberspaecher Sharda Exhaust Technology Pvt. Ltd.
Dr. Thomas Waldhier, COO of Eberspaecher Exhaust Technology, stated that the partnership will be beneficial to company’s customers since they’ll attain local market expertise in consort with its global technology and production knowledge for substantially limiting emissions from long-distance and distribution traffic in India, Waldhier said.
To this Ajay Relan, MD of Sharda Motors added that this partnership indicates a significant step for the company in applying high-tech products for emission-free mobility. He further mentioned that with the company’s existing clientele and supplier base it brings local expertise to the joint venture company.
According to a press release by Eberspaecher, several locations will see exhaust aftertreatment technology conforming new emission standards like Bharat Stage VI, designed for the foreseeable future. This marks a major technological step compared to previous Bharat Stage IV standard and needs more intricate emission control solutions. Moreover, the emission standards will be effective from mid-2020 and will align with Europe’s Euro 6 standard, state sources familiar with the development.
For the record, in August 2018 Eberspaecher Exhaust Technology set up another joint venture in China that plans to offer emission reduction systems for commercial vehicles that comply with China 6 standards effective from 2020, reported sources.
