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Meritor to expand brake biz in India

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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.

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Previous | Published May 21, 2018

With one-third of 2018 in the books, how would you characterize business thus far?

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