Sandhar Technologies Ltd. and Daewha Fuel Pump Ind. Ltd., have signed a 50:50 joint venture agreement to supply fuel pumps, filters and wiper blades to Indian automotive OEMs.
Addressing the gathering, Mr. Cho Hyun, Korean Ambassador to India, acknowledged the growing relationship between the governments and people of India and Korea and wished the joint venture between Sandhar and Daewha a great success.
Speaking on the occasion, Mr. Jayant Davar, Co-Chairman & Managing Director, Sandhar Technologies Ltd., observed: “With this joint venture we have taken one more step towards realizing our objective of becoming a more diverse supplier to the Indian automotive OEMs”.
Mr. Dong Ok You, CEO & Chairman of Daewha Fuel Pump, said: “We are honored to join the Indian market which has a big potential through a joint venture with Sandhar. I expect sustainable development and growth, through the combination of the strengths of the two companies”.
The Sandhar Group is a fast growing auto component major with over 6,500 employees, 34 manufacturing plants and subsidiaries in Spain, Mexico and Poland. It has a diverse product range covering lock kits, mirrors, handles, latches, hinges, stamped & tubular components, plastic injected components, zinc & aluminium pressure die castings, relays, fuel level senders, operator cabins, canopies, housings, panels, switchboards, control cabinets, molds, dies and structural parts for off-highway vehicles. It also supplies steel wheel rims & assemblies, handle bars, clutch and brake panels to two-wheeler manufacturers.
Daewha Fuel Pump Ind. Ltd., since inception in 1982, is manufacturing and supplying fuel pumps and filters for automotive and industrial applications in over 70 countries. Over the three decades, it has become a leader in domestic and international automotive markets. Some of its customers are GM Korea, Bosch, Delphi, Hyundai, Doosan, Federal-Mogul, Mitsubishi Electric, Tata Telco, etc. Globally, it has an enterprise ranking of first in the field of mechanical fuel pump. The main R & BD center is located in Korea, while the manufacturing facilities are spread over Korea and Vietnam.
The company’s diverse product range covers mechanical fuel pumps, electric fuel pumps, electric fuel modules, oil filters and strainers, air filters, wiper blades, etc.