India Pistons to partner with Shaw Development


India Pistons Ltd., (IPL) a subsidiary of the $2-billion Amalgamations Group, has entered into a pact with Florida-based Shaw Development LLC to manufacture diesel exhaust fluid (DEF) solutions in Tamil Nadu at an investment of โ‚น50 crore.

โ€œThe new joint venture โ€” IPL-Shaw Solutions โ€” will manufacture two lakh units of DEF solutions and the capacity will be expandable depending on the demand. Operations will commence by March 2021,โ€ said R. Mahadevan, director, IPL.

Under the joint venture, the companies will manufacture DEF for heavy duty vehicles (commercial vehicles and off-road) and diesel engine manufacturers in compliance with BS-VI and equivalent exhaust emission norms.

โ€œThrough this joint venture, Indian manufacturers will have a local partner for a complete offering of DEF reservoirs, sensors, modules, filters, caps, and other fluid management solutions. The market size for this product in India is โ‚น600-700 crore,โ€ he said.

Keith Luomala, Chairman & CEO of Shaw Development, said that India was the most strategic growth market for Shaw to develop highly reliable DEF and fluid management solutions.

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