Pricol Gears Up To meet BS – VI Emission Norms By 2020
The company has signed a MoU for developing oxygen sensor which is designed to constantly monitor the oxygen content in the exhaust gases from the engine
Indian automotive components manufacturer Pricol ltd, on Wednesday (19 July), has signed a new exclusive licensing agreement with Kerdea Technologies for Oxygen (O2) Sensor.
The company informed in a statement, with Kerdea’s patented technology in oxygen sensor and Pricol’s manufacturing capabilities, this product will be made ready to cater to combustion engine applications in the two wheeler and three wheeler vehicle segments in India.
With this strategic partnership, Pricol’s intention is to expand its sensors portfolio in India and be ready for the upcoming Bharat Standard (BS)-VI Emission Regulations which the Indian government has planned to implement by April 1, 2020.
The oxygen or O2 sensor, is designed to constantly monitor the oxygen content in the exhaust gases from the engine.
Vikram Mohan, Managing Director, Pricol Ltd said, “This licencing partnership will contribute to our constant efforts to deliver robust, technologically advanced and cost saving products in India. Post the rollout of BS-VI norms by 2020, Pricol is expecting to add over $60 to 70 Million to its top line with a healthy EBITDA margin with the products developed through Kerdea’s technology.’
Dr Douglas M Carnes, CEO, Kerdea Technologies said, “This licensing partnership will help us expand our footprint in India by redefining fuel efficiency and emission control and thereby improve product performance for two wheeler and three wheeler vehicle segment in India.”