Dhoot Transmission to sign equal joint venture with US’ Carling

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Dhoot Transmission to sign equal joint venture with US’ Carling
The plant is likely to come up at Dhoot Transmissions’ existing base in Aurangabad. The JV will aim to meet the requirements of the growing Indian market and other markets.
 
Aurangabad-based Dhoot Transmission, one of India’s top wiring harness maker, will enter into an equal joint venture (JV) with the US-based Carling Technologies, a leading switch maker for heavy trucks and construction equipment to make electrical and electronic components in India, two people in the know said.
 
The announcement is expected in the next few weeks, they said. Dhoot Transmission and Carling Technologies will sign a 50:50 joint venture agreement paving the way for Carling to have a local manufacturing base while allowing technology access to its Indian partner.
 
Carling is in auto components business for close to a century, while Rahul Dhoot founded Dhoot Transmission in 1999. The manufacturing plant is likely to come up at Dhoot Transmissions’ existing base in Aurangabad.
 
The JV will aim to meet the requirements of the growing Indian market and ship components to other markets. Carling has a presence in America, Europe and the Asia-Pacific region.
 
An email sent to Carling and Dhoot Technologies did not elicit any response till press time. The latest move by the Indian auto component maker closely follows its recent acquisition of Scotland-based TFC Cable earlier this year.
 

Carling is currently represented in India only through a sales office, but caters to more than 35 companies in the heavy commercial vehicle and construction equipment space. By making products locally, Carling products will be available at an affordable price.

Source:http://auto.economictimes.indiatimes.com/news/industry/dhoot-transmission-to-sign-equal-joint-venture-with-us-carling/60919071

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