GREEN LIGHT FOR NEW GERMAN-ITALIAN MOTORBIKE EQUIPMENT MANUFACTURER IN INDIA.
The European Commission announced on January 16 that it has given the go-ahead to plans by two European automotive equipment manufacturers, Kalyani Brakes (80% Indian subsidiary of the German Bosch group) and Brembo (Italy) to set up a 50/50 joint venture for motorcycle parts in India. The new joint venture will be known as KBX Motorbike Products Private Ltd. It will produce hydraulic braking systems for two-wheeled vehicles for...
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