Talbros Automotive Components Limited enters into Technical Assistance Agreement with Japan based 'Sanwa Packing Industry Co. Ltd'

Talbros Automotive Components Limited, has entered in a Technical Assistance Agreement (TAA) with its Japanese partner 'Sanwa Packing Industry Co. Ltd.' for Light Weight Aluminium Heat Shields. This product will be used for automotive applications and is a futuristic product technology which offers value added features like Noise Reduction, Emission Control, Heat Insulation at challenging temperatures and is a widely used on new generation engines including Hybrid and EVs. Company is in discussion with key OEMs in India for commercializing this product.

Light Weight Aluminium Heat Shield - Nimbus (Product name) by Sanwa is the world's first aluminium light weight heatshield for exhaust systems. The weight of the Nimbus heatshield is about half the weight of conventional steel heatshield. This product will be of a strong support to OEMs in building BS-VI products.

Sanwa is pioneer in providing Heat Shield Solutions to Automotive Industry and supplies the products to major OEMs such as Toyota, Honda, Suzuki, Mazda, Nissan.

Commenting on the development Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: "Talbros is working diligently towards enhancement of Indian Auto Industry. Since the adoption of BS-VI, our target is to support OEMs with wide range of our products and help them with our expertise to boost the product performance.

We at Talbros are committed to provide best in class product and services to our clients and this agreement will endorse Indian Car Makers to support the nation's goal to meet Make in India initiative. As more and more OEMs are now focusing towards reducing import content with the target of maintaining the best in class quality, our range of products and technology will support the OEMs to meet their goal.

With the new TAA with Sanwa, we have furthered cemented our relationship and commitment to the Indian Automotive Industry."

Shares of TALBROS AUTOMOTIVE COMPONENTS LTD. was last trading in BSE at Rs.159.05 as compared to the previous close of Rs. 145.65. The total number of shares traded during the day was 3877 in over 206 trades.

The stock hit an intraday high of Rs. 159.35 and intraday low of 148.4. The net turnover during the day was Rs. 603260.

Source : Equity Bulls

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