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Archives

Force Motors signs JV with Rolls-Royce Power Sys

10/04/2018 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Signing of the JV

Force Motors and Rolls-Royce Power Systems signed a joint venture agreement to produce MTU’s renowned 10 and 12-cylinder Series 1600 units with power outputs from 545 to 1050HP (400 to 800 KWm). Series 1600 engines are particularly suitable for power generation and rail underfloor applications.
 
The new joint venture will be named Force MTU Power Systems Pvt. Ltd., in which Force Motors will hold 51 per cent while Rolls-Royce will have a 49 per cent stake. Besides manufacturing Series 1600 units, the JV will also build Series 1600 generator sets for the Indian and global markets.
 
Generator sets built and supplied by the JV to customers in India, Nepal and Sri Lanka will carry the ‘Force - MTU’ brand while those destined for the rest of the world will be sold under the name 'MTU Onsite Energy’. The engines will continue to have the brand MTU. Overall, the parties are investing more than Rs 300 crore (40 million euros) in the JV in proportion to their respective stakes. 
 
To meet Rolls-Royce Power Systems’ exacting standards, the JV is to build a dedicated state-of-the-art manufacturing facility at Chakan near Pune. The new factory is expected to launch serial production by the third quarter of 2019. The JV will use Force Motors’ expertise to lead localisation efforts and aims to achieve consistently high local content without compromising on quality. 
 
Mr Prasan Firodia, MD, Force Motors, said, “This tie-up comes after our successful cooperation with Mercedes and BMW and will open up numerous opportunities for growth and diversification. I see exciting times ahead, since we are set to play a pivotal role in bringing to India and making in India cutting-edge, top-of-the-line engines for multiple applications.”
 

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