Bharat Forge and KPIT cummins to form a joint venture
05 Jun 2010
Auto and engineering forgings major Bharat Forge Ltd, the flagship company of the $ 2.4-billion Kalyani Group and a leading global supplier of forged and machined components and KPIT Cummins Infosystems Ltd, a leading product engineering & IT consulting partner to automotive and manufacturing companies have said that they plan to form a joint venture to manufacture and market an indigenously developed hybrid technology solution for automobiles.
Revolo, the bnew technology will enable both existing and new vehicles to dramatically increase fuel efficiency and engine performance, while significantly 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.
As part of the joint venture, 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 and fleet & individual vehicle owners through a network of certified and authorised dealerships.
Revolo is an indigenous and innovative solution that has been conceptualised, developed and frugally engineered in India. 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.
