Advik Group of Companies, a manufacturer of auto components, has entered into a technical collaboration with Trochocentric GmbH of Germany for manufacturing auto components for four-wheelers. The company will set up a plant at Chakan to be operational by the end of 2010 with an investment of Rs 350 million.

Aditya Bhartia, managing director, ADVIK Group, said, “Our company's vision to design, develop, manufacture and supply technically superior automotive products to all vehicle manufactures globally has led to the formation of ADVIK Precision Pvt Ltd. We are entering into an exclusive long-term technical collaboration with Trochocentric for design, development and manufacture of oil pumps. The tie-up will provide us access to cutting-edge and latest technologies of a global market and expertise in R&D of oil pumps.”

The new plant will have an installed capacity to manufacture 0.5 mn oil pumps in phase I and 1 mn oil pumps in phase II. It will be fully equipped to manufacture oil pumps, water pumps and hydraulic tensioner for four-wheeler industry.

Cristof Haerle, general manager, Trochocentric, said, “The demand of the Indian automotive industry made it logical for us to enter into a formal technical collaboration with ADVIK, which we feel holds promise and allows adoption of our technology.”

The company also plans to establish two more plants at Manesar and Pantnagar and increase its human capital to 700 people by 2012. The group expects to reach Rs1,600 mn by 2013 with 20 per cent exports.

ADVIK Group manufactures lifter tensioner assemblies, oil pumps, fuel pumps, fuel feed pumps, decompression units, water pumps, drum gear shifter, starter gear reduction, kick shaft assembly and combi-brake systems.