Fiem Industries Limited Signed A Memorandum of Understanding with Aisan Industry Co., Ltd. and Toyota Tsusho Corporation
December 04, 2017 at 12:11 am EST
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Fiem Industries Limited signed a Memorandum of Understanding with Aisan Industry Co., Ltd. and Toyota Tsusho Corporation for establishing a joint venture company in India to manufacture Fuel Pump Module and IC connector Assembly for two-wheelers and three-wheelers. Fuel Pump Module will become mandatory for two-wheelers and three-wheelers with effect from April, 2020 under Bharat Stage VI (BS VI) regime. This is an advanced Emission Control System Product, which will have huge market in India under BS VI norms.
Fiem Industries Limited is an India-based company that is primarily engaged in the business of manufacturing and supply of auto components. The Company manufactures automotive lighting and signaling equipment, rear-view mirror, prismatic mirror, plastic molded parts, bank angle sensor, canister and sheet metal components for motorized vehicles, and light-emitting diode (LED) luminaires comprising of indoor and outdoor lighting, display panels and integrated passenger information system. Its products include headlamps, tail lamps, other lamps, pistons, rings, engine valves, fuel pumps, carburetor, starter motor, generators, ignition system, spark plug, steering gears and systems, clutch plates, discs, axle assembly and wheels, leaf springs, shock, absorbers, brake assembly and facing, wiping systems, electric horns, dashboard instruments, sheet metal parts, pressure discs, castings and glass rubber. The Company operates approximately nine manufacturing facilities.