Yet another development in the automobile sector in India has seen Imperial Motors entering into a JV with an Italian firm Allevard Rejna Autosuspensions. Currently operating in the automotive tubing sector in India, the company has chosen to partner with the Italian firm which is a part of the Sogefi group. Sogefi group is a famous manufacturer of elastic automobile suspension elements.
The new joint venture company, Allevard-IAV Suspensions Pvt. Lt.d is all set to invest Rs 25 crore to set up a plant production facility in Pune and is an 51:49 joint venture.
In a press conference on Thursday, the Managing director of the Sogefi Group, Emanuele Bosica has commented that given the demand present in India for automobiles their main objective is to become one of the leading producers of suspension components in the country. “This is our second JV in India, the first was with a Bangalore-based company two years ago” he added.
He also claimed that their innovative product would help reduce the car’s weight by 50 per cent. This would be the right arena for them to test these innovative suspension systems with composite content.
“We are carrying out the testing of the prototype in luxury cars in Europe. Once we get the nod from the manufacturer after the trial, we will be aim at mass production of the product by 2012. The overall weight reduction will improve the fuel efficiency and also reduce carbon emission,” said Bosio.
The Chairman of Imperial Auto Industries, Jagjit Singh has confirmed that initially they would start off by manufacturing torsion bar and stabilizer bar for the utility vehicles as well as passenger cars. “These two components form the most critical parts of suspension system,” he said.


