Auto component maker, Pricol India has signed a Memorandum of Understanding (MoU) with Kerdea Technologies, USA, to produce Oxygen Sensor in India.
Along with Kerdea's patented technology in oxygen sensors and Pricol' manufacturing capabilities, this product manufactured to cater to combustion engine applications in two-wheeler and three-wheeler segments in India.
Pricol's strategic partnership will expand its sensors portfolio in India and be ready with the upcoming Bharat Stage BSIV emission norms which the Indian government has planned to implement by April 1, 2020.
What is oxygen sensor and how is it related to automobiles? Here are the details of Pricol Oxygen Sensor:
The oxygen sensor, also known as the O2 sensor, is an electronic device which measures the proportion of oxygen (O2) in the gas or liquid being analysed.
The sensor continuously monitors the oxygen content in the exhaust gases from the engine. Also, it helps to maintain the right air-fuel mixture to run the engine run efficiently with emissions well within the required norms.
To deliver better performance and to be environmentally friendly, Pricol India understands the requirement to invest in such next-generation technology.
Vikram Mohan, Managing Director, Pricol said, "In a fast-changing environment, it is critical to draw upon the highest level of expertise to design the technologies of tomorrow. We are excited to partner with Kerdea to bring innovative, ground-breaking technologies to our Indian customers.
"This licencing partnership will contribute to our constant efforts to deliver robust, technologically advanced and cost saving products in India. Post the rollout of BS-VI norms by 2020, Pricol is expecting to add over USD 60 to 70 million to its top line with a healthy EBITDA margin with the products developed through Kerdea's technology.'
Signing the MoU, Dr Douglas M. Carnes, CEO, Kerdea Technologies said, "We are extremely happy to partner with Pricol to create a transformation in the O2 sensor market and thereby create a pollution free India with the use of O2 sensors."
"This licensing partnership will help us expand our footprint in India by redefining fuel efficiency and emission control and thereby improve product performance for two-wheeler and three-wheeler vehicle segment in India."
Even as India is moving towards a cleaner environment, Pricol's MoU with Kerdea will enhance its offering in offering solutions in the auto components segment with required emission norms.