26 December 2006

MICO

Motor Industries Company (MICO), the Indian subsidiary of Robert Bosch GmbH, a global leader in the automotive and industrial technology, will begin the complete production of common rail diesel injectors (CRDi) in early 2007. The total project cost from manufacturing of CRD injector components to the production of the complete sets of CRD injectors is Rs 550 crore. In November 2005, MICO inked a memorandum of understanding (MoU) with the Maharashtra government for Rs 550-crore common rail injector project. The Nashik facility has began producing CRDi components since the beginning of 2006. The present manufacturing capacity of the Nashik facility is 6,000 injector component sets per day. Fuel injectors are the main components of the common rail diesel system (CRS), a technology that gives engine developers the freedom to reduce exhaust emissions further and cut down engine noise.
To follow stricter emission norms, new vehicles will required to be equipped with electronically controlled fuel injection systems like common rail system. With the implementation of new emission norms in India with effect from April 1, 2005, the market has to meet the Bharat Stage III (BS III) Standards. BS III is the Indian equivalent of Euro III. To reap the benefits this opportunity sets up, Bosch has brought out 4th generation CRS. The Nashik unit is also eyeing exports worth Rs 500 crore in the next two-three years.
BUY MICO WITH TARG OF 4000

by erectusplus at 13:49:00 |

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