Pricol Limited, a leading manufacturer of automotive components and solutions provider for the global automotive market, has entered into an exclusive agreement with Wenzhou Huirun Electrical Machinery Co., Ltd (ACHR), for technical collaboration and, supply and production of fuel pump intends to further strengthen its automotive pump portfolio in India and will now become a comprehensive supplier of fuel pump module required for electronic fuel injection systems.
Wenzhou Huirun will support Pricol with product and process technologies for new business opportunities arising in all segments like two-and three- wheelers, passenger and commercial vehicles and off-road vehicles (both petrol and diesel systems).
With an initial investment of Rs 200 million over the next 3 years, Pricol eyes a market share of more than 30% in the two-wheeler segment in India. With already confirmed order for this product with a leading two-wheeler OEM in India, Pricol plans to manufacture 3 million to 6 million fuel pump modules for the implementation of BS VI.
After the implementation of BS VI norms in India by 2020, the entire two-wheeler industry will migrate to the electronic fuel injection system and the fuel pump module will be the key product in its functioning. The fuel pump module controlled by engine control unit (ECU) will inject metered amount of air and fuel mixture into the engine for effective combustion.
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