...
...
Next Story

Delphi-TVS to invest Rs 500 cr

Delphi-TVS Managing Director T K Balaji said that they were targeting to achieve a sales level of Rs 1,200 crore by 2010 from Rs 330 crore today.

Updated on: Jan 20, 2006 12:40 PM IST
None | By , New Delhi
Prefer HTon Google
Advertisement

Delphi-TVS Systems, the largest supplier of rotary diesel fuel injection systems for passenger cars, on Saturday accounnced it will invest Rs 500 crore to manufacture common rail fuel injection systems and set up a technical centre for product development.

HT Image
HT Image

"We are targeting to achieve a sales level of Rs 1,200 crore by 2010 from Rs 330 crore today," Delphi-TVS Managing Director T K Balaji said at the Auto Expo here.

The company foresees huge potential for diesel engine vehicles — both passenger cars and commercial vehicles. India produces nearly 7,50,000 petrol engine cars and 1,80,000 cars with diesel engines presently.

Delphi-TVS expects that by 2010, India will be producing a million petrol-powered cars and 6,00,000 diesel-powered cars a year. The company is gearing itself to capture that business.

Common rail fuel injection is becoming a key diesel engine technology worldwide. Basically, in diesel engines, air is compressed inside the cylinder by piston action and diesel is sprayed into the compressed air at high pressure. The fuel then automatically ignites. For better combustion (and consequently lesser emissions) it is necessary that diesel is injected at high pressure.

 
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe