WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...

WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM
Business Overview:
The Demerged Undertaking having been transferred to and vested in the Company in
accordance with the Scheme, the Company is the successor of the Brakes Business
of SCL and continues to be the joint venture between CDH, which is an indirectly
wholly owned subsidiary of WABCO Europe BVBA which is an indirectly wholly owned
subsidiary of WABCO Holdings Inc., and the TVS Group in India.
The Company therefore continues to be a leading supplier of air and air assist
actuation systems for brakes to the commercial vehicle industry in India. The
products include air compressors, actuation systems, control valves, anti-lock brake
systems and electronic brake systems.
All commercial vehicles above 9T GVW are fitted with air brake systems and the
business growth of the Company is dependent on the production of commercial
vehicles. The Company is also a leading supplier in the after market segment.
Location of the Project:
The Company has three manufacturing locations, two in Chennai, Tamil Nadu, India
and one in Jamshedpur, Jharkhand, India.
The Ambattur facility in Chennai was established in 2005 at Plant I, Plot No.3 (SP),
III Main Road, Ambattur Industrial Estate, Ambattur, Chennai 600 058 by SCL.
Similarly, in 2007, a new manufacturing facility was established by SCL in
Jamshedpur, at Plant II, Large Sector, Adityapur Industrial Area, Gamharia,
Seraikella-Kharsawan District, Jharkahand 832 108, closer to its biggest customer
Tata Motors to cater their requirements.
The third facility in Mahindra World City, a Special Economic Zone, has been set up
at Plant III, Plot No. AA8, Central Avenue, Auto Ancillary SEZ, Mahindra World City,
Nathan Sub-Post, Chengalpet, Kancheepuram District, 603 002 to cater to the export
requirements. This plant will cater to the requirements of WABCO exclusively.
Plant, machinery, technology, process, etc:
The facilities at the Ambattur plant include machining, assembly and testing of
products for air brake actuation system with an annual capacity of 300,000 sets. The
Jamshedpur plant currently has assembly operations only, while Mahindra city
currently has capacity for machining only. Investments will be made in both the
plants to augment the capacities depending upon the market conditions. All the
plants use modern concepts like LPS, TQM and TPM and are acclaimed as best-inclass
in the industry.
Collaborations, any performance guarantee or assistance in marketing by
the collaborators:
The Company has access through licenses to the products and processes technology
of WABCO and a strong manufacturing background on account of its association with
the TVS Group. This combination will help to exploit the opportunities both in the
domestic and export markets by offering the full range of brake actuation system
aggregates of very high quality at competitive prices. All the products of the
Company carry a warranty of 18 months trouble free service.
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