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Unitech Machinery announces Joint Scheme with Magneti Marelli, leading Italian corporation for automotive electronic systems



15th Sept 08, New Delhi Magneti Marelli and Unitech Machinery Limited have signed an harmony for the conception of a joint speculation aimed at the manufacturing of motor van electronic classification in India with a digital technology.



According to the agreement, the new corporation determination be 51 percent owned by Magneti Marelli and 49 Percent owned by Unitech Machinery Limited. The Joint speculation is set to be operational by the last ingredient of the first locality of 2009.



The industrial amenities determination be located in Manesar- in the industrial locality of Gurgaon within the NCR of Delhi- in an corner strategic to the automotive segment and where Magneti Marelli already has two other joint ventures in place for the making of steam engine control units and exhaust systems respectively.



The doings determination be aimed specifically at the design, making and get-together of motor van electronic components, such as instruments clusters, corpse electronics control units that manage main van functions as well as telematic devices.



The behavior of the JV determination be addressed to local and international carmakers operating on the Indian sub continent.



Unitech Machinery Limited is a corporation in India in the two controls four controls van apparatus sector, and it is also ingredient of the Unitech Machinery Limited assemblage chaired by Mr. V.K. Chhabra and operating in various sectors, such as Power, Telecom, Automotive and Infrastructure.



Eugenio Razelli, First in command of Magneti Marelli, stated : We have created five joint ventures in less than one time in a crucial bazaar such as India, thus effecting our localization devices in that country. This an important consequence that bears observer to our skill to be present in emerging markets and to our plasticity in supporting carmakers in key making areas for their global activity. We have reproduced the entire border of our behavior in India s main automotive districts, from powertrain to lighting, from exhaust systems to upset absorbers and now electronic systems too. For this fifth joint venture, we found in Unitech Machinery the ideal industrial equal with whom to develop our trade in a strategic segment such as appliance clusters and electronics , which also includes telematics .



Mr. V.K.. Chhabra, CMD of Unitech Machinery Set said, This joint speculation determination take forward the Indo-Italian bilateral correlation and revolutionize the automotive apparatus trade with the prologue of digital equipment by our allies and help us to expand our slot bazaar by providing a better manufactured goods to the regulars . He further added, It would be a wonderful scholarship skill from our partners.



Mr Sushant Chhabra, the Joint Running Manager of the Unitech Machinery assemblage added, this JV determination put Unitech Machinery sports car dissection in the high equipment freedom for sports car motivation electronics. We would be toting up assessment to all new age band launches of OEMs to fulfill their electronic wishes for futuristic appliance clusters, corpse computers and telematics. MM global knowledge determination be available thru this JV and we look forward to our patron support .



About Unitech Machinery Group

Unitech Machinery has been incorporated in 1986 and is the flagship corporation of the Set which has a income of Rs 700 Cr in fiscal 2007. Unitech Machinery has been recognized as one of the most reputed diversified invention companies in the nation and has an skill in providing complete turnkey answer in communications for Mega Authority Plants. Unitech Machinery is also OEM to all leading two and four wheeler coup manufacturers in India and have a large manufactured goods column pertaining to Back Examination Mirrors, Street light Assemblies, Switches, Aluminum Castings, Sedan Horns, etc.



About Magneti Marelli,

Magneti Marelli, a corporation belonging to the Fiat Group, designs, produces and distributes advanced systems and apparatus for the automotive industry. With its 46 making amenities 56 making units 9 R D centres and 27 submission centres in 16 countries, 28,000 workforce and a income of 5 billion Euros in 2007, the assemblage goods all the leading carmakers in Europe, North and South America and the Far East. The trade areas include: Powertrain, Lighting, Electronic Systems, Suspensions and Fright absorber systems, Exhaust Systems, Aftermarkets Parts Air force and Motorsport.


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