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.
When is the last time you attended one of the national tire industry trade shows, such as SEMA, ITEC or the North American Tire & Retread Expo?
|I try and take in at least one show a year.||
|I usually attend one every few years.||
|There are so many tire maker and distributor meetings each year, I don’t see a need to attend one of the national shows.||
|I don’t find value in these shows and haven’t been to one in years.||
|I’d like to but I am too busy||