BRUSSELS, Belgium, Aug. 03, 2016 (GLOBE NEWSWIRE) -- WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), a leading global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, today reported details of its acquisition of a new customer, Mahindra & Mahindra, one of India’s largest manufacturers of passenger cars and sport-utility vehicles. In a breakthrough multi-year agreement, WABCO will supply vacuum pumps across all Mahindra & Mahindra’s major engine platforms, with series production expected to begin in late 2017.
WABCO will supply this original equipment manufacturer (OEM) with industry-leading compact vacuum pumps that feature modular, lightweight design and ultra-low power consumption for braking as well as non-braking functions. This innovative vacuum pump technology enables better fuel economy and reduced emissions. Furthermore, to deliver differentiated service to Mahindra & Mahindra, WABCO’s product application and world-class manufacturing will be implemented locally in India.
“Mahindra is empowered and driven to engineer and manufacture passenger cars that are robust, reliable, economy minded and environmentally responsible,” said Mr. Bhupesh Patil, Senior General Manager, Strategic Sourcing, Mahindra & Mahindra. “WABCO’s technology leadership in vacuum pumps is consistent with our commitment to innovation, enabling us to achieve automotive breakthroughs and helping us to build cars that thrill their owners.”
“We highly value Mahindra & Mahindra’s confidence in our new long-term supply relationship, particularly as we connect WABCO’s technology leadership to strengthen this new customer’s competitiveness and support their promise to drive the future of passenger cars,” said Mr. P. Kaniappan, Vice President, WABCO INDIA. “This major new supply agreement is also grounded on WABCO’s commitment to differentiate through high quality and cost effectiveness, which further enhances WABCO’s long-term prospects in this key emerging growth market for passenger cars.”
“Our new multi-year contract with Mahindra & Mahindra once again exemplifies WABCO’s technology leadership in vacuum pumps as car manufacturers across the globe increasingly adopt WABCO innovations to boost fuel economy, improve sustainability and further delight their own customers,” said Mr. Kaniappan. “We continually rise to the challenge of setting new standards for vacuum pumps that meet or exceed local specificities for top performance and ultra-low power consumption.”
With more than 50 years of experience in vacuum pump design and production, WABCO currently supplies a global base of passenger car manufacturers.
WABCO (NYSE:WBC) is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough innovations for advanced driver assistance, braking, stability control, suspension, transmission automation and aerodynamics. Partnering with the transportation industry as it maps a route toward autonomous driving, WABCO also uniquely connects trucks, trailers, drivers, cargo, and fleet operators through telematics, as well as advanced fleet management and mobile solutions. WABCO reported sales of $2.6 billion in 2015. Headquartered in Brussels, Belgium, WABCO has 12,000 employees in 39 countries. WABCO’s 2015 Annual Report is available at www.ar.wabco-auto.com. For more information, visit www.wabco-auto.com.
About WABCO INDIA
WABCO INDIA designs, manufactures and markets conventional braking products, advanced braking systems, and other related air assisted products and systems. The company has achieved a major market share in the Indian OEM market as well as in the domestic aftermarket, which serves through a strong and wide national distribution network. With five world-class manufacturing facilities, software design center, application engineering center and a test track in India, WABCO INDIA excels in engineering and manufacturing. WABCO INDIA employs over 3,200 employees and reported Rs.1838 Crores in sales in 2015-16. For more information, visit www.wabco-auto.com/en/wabcoindia/home.
WABCO INDIA media contact
Meghant Parmar, +91 99621 95392, firstname.lastname@example.org
WABCO Global media contact
Tobias Mueller, +49 89 470 277 112, email@example.com
WABCO investors and analysts contact
Christian Fife, +1 248 270 9290, firstname.lastname@example.org
Source:WABCO Holdings Inc.