Jan 22: Coimbatore-headquartered Pricol Ltd, a leading automotive component maker, on Monday announced an exclusive partnership with Dongguan Shenpeng Electronics Co Ltd, a Chinese automotive OEM supplier for electric coolant pump, for introducing electric water pumps in Indian market.
According to the company, the cooling solutions portfolio will include secondary cooling systems for reducing the engine load and optimizing the fuel efficiency, EGR and turbocharger cooling solutions for BS-VI applications. For electric vehicles, the product range will cater multiple cooling solutions for battery, e-motor, electric controller, air circulation applications etc.
Commenting on the development, Vikram Mohan, Managing Director-Pricol Ltd, said, “with this exclusive partnership, we believe that we will future proof our company towards developing cooling solutions for electric vehicle mobility. This partnership will help us strengthen our pumps and allied products portfolio by developing engine cooling solutions for impending BS-VI norms in 2020, with the product range covering all market segments in India.”
Pricol shares closed trading at Rs 121.95, up 4.72% from the previous closing of Rs 116.45, on BSE today.