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Today Date : Sunday, July 21, 2024

ATS ELGi announces  manufacturing agreement with VTEQ, Spain

ATS ELGi announces  manufacturing agreement with VTEQ, Spain

ATS ELGI, a wholly-owned subsidiary of Elgi Equipments Limited and India's largest garage equipment manufacturer, announced its manufacturing agreement with VTEQ, a global leader in vehicle testing equipment based out of Spain. 

With this partnership, ATS ELGI will set up a world-class 7500 square feet manufacturing facility to manufacture locally previously imported vehicle testing equipment for the Indian market at competitive prices. The equipment spans brake, suspension, slip, and speedo testers, axle play detectors, and steering gear play, according to a communication from the company.

 Commenting on the partnership, Praveen Tiwari, Managing Director, ATS ELGI Ltd., said, "With this breakthrough agreement, we will now manufacture proven products in the country and offer them to customers at affordable prices.

In addition, ATS ELGi's widespread sales and service network will ensure customers have access to faster procurement of equipment, high uptime, and quick response rates for addressing maintenance and spare parts requirements." 

 Over the next five years, we expect over 200 testing centers will be set up in the country.
We are looking forward to our partnership with VTEQ, which will provide us with an excellent growth opportunity," added Dr. Jairam Varadaraj, Managing Director, Elgi Equipments Ltd.