Bharat Forge,KPIT to float joint venture
Pune-based Bharat Forge Ltd,a major supplier of forged and machined components and KPIT Cummins Infosystems Ltd.
2 min read
Initiative to seek hybrid solution for automobiles
Pune-based Bharat Forge Ltd,a major supplier of forged and machined components and KPIT Cummins Infosystems Ltd., product engineering and IT consulting partner to automotive and manufacturing companies has announced a joint venture (jv) to manufacture and market an indigenously developed hybrid technology solution for automobiles.
The hybrid technology called Revolo will enable both existing and new vehicles to increase fuel efficiency and engine performance,while decreasing green house gas (GHG) emissions.
The technology for this intelligent plug-in,parallel,full-hybrid solution has been designed and engineered by KPIT Cummins,while the solution for automobiles would be manufactured through a joint venture (JV) between Bharat Forge Limited and KPIT Cummins Infosystems Limited.
KPIT Cummins will license the technology to the JV while Bharat Forge would bring in its manufacturing,assembly and integration expertise to the JV.
The solution will be marketed to OEMs,fleet and individual vehicle owners through a network of certified and authorised dealerships.
According to company officials,the Automotive Research Association of India (ARAI),which tested the new hybrid solution,confirmed fuel efficiency gains of more than 40 per cent. Under city driving conditions,the increase in efficiency has been above 60 per cent and reduction in Greenhouse Gas Emissions (GHG) has been more than 30 per cent.
Baba Kalyani,chairman and managing director,Bharat Forge,said the company has been partnering with the global mobility industry to make it more efficient,competitive,sustainable and environmentally benign. We believe this indigenous solution would offer vehicle owners the ability to go green while achieving greater performance,he added.
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