ATS ELGI, India’s largest garage equipment manufacturer, announced its production collaboration with VTEQ, a global leader in vehicle testing equipment based out of Spain. Thereby, ATS ELGI will set up a world-class 7500 square feet facility to manufacture previously imported vehicle testing equipment for the Indian market at competitive prices.
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 centres 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 Jairam Varadaraj, Managing Director, Elgi Equipments Ltd.
He mentioned that India was the fifth-largest car market in 2020, and the country’s automotive sector, including components, is expected to be worth INR 16.1-18.1 trillion by 2026. In addition, the Indian government introducing key initiatives has led to the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME), the National Automotive Testing and R&D Infrastructure Project (NATRIP), and the Bharat Stage (BS) VI standards to promote the country’s automobile production and testing.