SOURCE: WABCO Holdings Inc.

February 09, 2010 07:00 ET

WABCO Reports Multi-Year Development and Supply Agreement With Mahindra Navistar Joint Venture, a Major Manufacturer of Trucks in India

BRUSSELS, BELGIUM--(Marketwire - February 9, 2010) -  WABCO Holdings Inc. (NYSE: WBC) [], a global technology leader and tier-one supplier to the commercial vehicle industry, today reported that WABCO's award-winning subsidiary WABCO-TVS (India) Ltd. and original equipment manufacturer Mahindra Navistar Automotives Ltd. (MNAL) have announced an agreement for development and long term supply of air compressor technology, products for braking systems and clutch servo technology with series production starting in 2010.

MNAL, a joint venture in India between Mahindra & Mahindra Ltd. and Navistar Inc., manufactures a world class range of trucks and tractor trailers that sets new levels of reliability, efficiency and customer value for the commercial vehicle industry.

"Our commitment is to develop and deliver an entire spectrum of commercial vehicles that will benefit our customers in ways that until now are unseen and unheard of in our industry.
By partnering with WABCO-TVS in India for rigid trucks, we can create and sustain new value in the marketplace through technology innovation that significantly enhances our products for local and export markets alike," said Rakesh Kalra, Managing Director, Mahindra Navistar Automotives Ltd.

"We are passionate about partnering with Mahindra Navistar Automotives, as we continue to contribute WABCO's pioneering engineering and highly reliable products while further growing our position in emerging markets through deep connectivity with customers, powered by our local people and capabilities," said Leon Liu, WABCO President, Asia Pacific. "This agreement confirms WABCO's number one position in air compression technology globally, particularly in India. It also enlarges WABCO's already broad and successful customer base in Asia."

"We are proud to partner with Mahindra Navistar Automotives as they move forward to grow their position in high quality commercial vehicles in India and internationally," said P. Kaniappan, Managing Director, WABCO-TVS (India) Ltd. "This significant new business with Mahindra Navistar Automotives further leverages the well-anchored leading position of WABCO-TVS in the local market and our ability to maximize value for our customers through improved vehicle safety, increased fuel efficiency and driver effectiveness."

WABCO-TVS is the winner of the 2009 India Manufacturing Excellence Award (IMEA) with "Super Platinum" distinction, presented by The Economic Times in partnership with Frost & Sullivan. WABCO-TVS is also the winner of the 2009 Gold Award for Manufacturing Excellence from the Automotive Component Manufacturers Association of India. WABCO-TVS, formerly known as Sundaram-Clayton Limited, Brakes Division, previously won a Deming Prize for total quality management; a Total Productive Maintenance Excellence Award from the Japan Institute of Plant Maintenance; and a Japan Quality Medal, the first awarded to a company in India.


WABCO Vehicle Control Systems (NYSE: WBC) is a leading supplier of safety and control systems for commercial vehicles. For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability, and transmission automation systems supplied to the world's leading commercial truck, trailer, and bus manufacturers. With sales of $1.5 billion in 2009, WABCO is headquartered in Brussels, Belgium. For more information, visit

About Mahindra Navistar Automotives

Mahindra Navistar Automotives Ltd. (MNAL), a joint venture in India, is 51 percent owned by Mahindra & Mahindra Ltd. and 49 percent owned by Navistar Inc. MNAL develops and manufactures commercial vehicles ranging from 3.5 to 49 tons in gross vehicle weight / gross combination weight. MNAL's manufacturing facility is located at Chakan near Pune and its products are currently sold under the trademarks of Cabking, Loadking and Tourister. For more information, visit

Contact Information

  • WABCO media contact
    Tobias Mueller
    +49 69 7191 6834
    Email Contact

    WABCO investors and analysts contact
    Jason Campbell
    +1 732 369 7477
    Email Contact

    For media queries related to MNAL please contact
    Ms. Roma Balwani
    Senior VP & Head - Corporate Communication
    Mahindra & Mahindra Ltd.
    Mumbai, India
    Fax: (+91-22) 2490 0830
    Email:Email Contact

    For product related queries, please contact

    Mr. Rajeev Malik
    GM - Marketing
    Mahindra Navistar Automotives Ltd
    Mumbai, India
    Tel: +91-22-24905887
    Dir: +91-22-24931443
    Fax: +91-22-24951702
    Email:Email Contact