New Delhi, Apr 22 (UNI) Fiem Industries Ltd today said it has entered into a ''License and Technical Assistance Agreement'' with Spain-based BATZ S Coop for manufacturing of complete Pedal Box Assembly.
This Pedal Box Assembly will be supplied to ''General Motors India Ltd'' for its ''Global Small Vehicle'' (GSV) Project, said a statement.
This is a new product line for the company and will add new dimensions in the business diversification policy, the statement added.
The Management perceive it as a big leap for mega entry into the Four Wheeler Segment.
Fiem is one of the leading manufacturers of automotive lighting&signaling equipments and rear view mirrors. Its major business comes from the two-wheeler segment of the vehicle industry UNI PBB AK AS1630