TROY, Mich. (May 8, 2014) — Commercial vehicle brake assembly maker Meritor Inc. has signed a licensing and technology assistance agreement with Brakes India Ltd. for the production and sale of Meritor ELSA air disc brakes in India.
The agreement, which expands on an existing licensing agreement for B-frame hydraulic disc brakes, air drum and air disc brakes, builds on the long-term cooperation between both companies in the Indian market, according to Meritor.
Financial terms were not disclosed.
More than 5 million Meritor ELSA brakes have been sold globally, Meritor said and in India, ELSA 225H air disc brakes have been operating on major fleets for several years and have gained acceptance as a cost-effective and reliable safety improvement, particularly for buses and coaches.
For how many generations has your independent tire business been in the family?
|Four or more generations||
|Total votes: 83|