New Delhi, Nov 14 (UNI) Autoparts maker Amtek India Ltd today said it has entered into a technical collaboration deal with Italy's Teksid SpA for manufacturing its 1.3 litre diesel engine blocks.
The agreement with Teksid will provide the company access to cutting edge technology for the manufacture of 1.3 litre small diesel engine Blocks in India.
The company is currently single source for the supply of these engine blocks to passenger car manufacturers in India like Maruti Suzuki, Tata - Fiat and TATA Motors.
The sales of passenger cars powered with small diesel engines is going to increase substantially over the next few years and is expected to exceed 5,00,000 units within next 2-3 years alone.
Teksid is a world leader in the production of iron castings for the automotive industry with operations spread out in Europe, North and South America and Asia.