Delphi-TVS targtes turnover of Rs. 1,000 crore by 2013

Delphi-TVS, the joint-venture company between the U.S.-based automotive component major Delphi and the TVS group, has told reporters that it is looking to earn Rs. 1,000 crore in three years. With most of the car makers in India planning to manufacture diesel variants even for small cars, Delphi-TVS Diesel Systems expects a huge growth for such systems.

"In the current fiscal (2009-10), we are expecting revenues worth Rs. 500 crore and are also looking to double it to Rs.1,000 crore within three years," Delphi-TVS managing director T.K. Balaji told reporters at the Auto Expo. He added, "We have already invested about 80 per cent of that amount and will invest the remaining about Rs.75 crore this year," Balaji said.

 Furthermore, the JV firm, which makes fuel injection systems and rotary pumps for cars and trucks, is investing Rs. 350 crore to build a plant near Chennai to make common rail systems for diesel engines. Delphi which owns 52 per cent in the JV, said that India was a fast growing auto market and its is working on next generation systems that meet eco-friendly emission standards. The 'common rail system' is designed to enhance fuel economy and performance in 'high speed direct injection' (HSDI) diesel engines while meeting the stringent   Bharat Stage emission norms. The company will have three new products to offer the Indian automotive market: the 'light duty CRS' targeted at cars and SUVs, the 'medium duty CRS' for commercial vehicles and the UPCR (a unit pump based CRS) specifically designed as a cost effective technology for small engine four and three wheelers.

It is to be mentioned that Delphi-TVS has three manufacturing plants: two plants located at Mannur and Oragadam near Chennai and one plant at Pant Nagar in Uttarakhand. Its customers include Tata Motors, Mahindra & Mahindra, Hindustan Motors, Ford Motor Company, Maruti Udyog and Perkins.

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