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Feburary 4, 2009
Eaton Signs Major Transmission Agreement With India’s Tata Motors
PUNE, India -- Diversified industrial manufacturer Eaton Corporation today announced that it has signed a business agreement through 2014 with Tata Motors, India’s largest automotive manufacturer. Terms were not disclosed.
Eaton’s Truck Group will supply heavy duty synchronized transmissions to Tata Motors for use on its World Truck program in India as well as global markets. Initial transmission production will take place at Eaton plants in Tczew, Poland, and Wuxi, China, with production moving to its new facility in Pune, India, as volumes increase.
“This is a very important achievement for Eaton in meeting our significant growth goals for India and the Asia-Pacific region in general,” said James E. Sweetnam, president, Eaton’s Truck Group. “Our relationship with Tata is an excellent indicator of our commitment to India’s commercial vehicle market and its long-term prospects for growth.”
“We are very pleased to work with Tata on this important project,” said Pavan Pattada, country manager for Eaton’s Truck Group in India. “Eaton’s breadth of advanced technology and transmission product lines enabled us to tailor a diverse line-up of transmissions to meet customers’ needs in any environment, in any region.”
Tata Motors is India's largest automobile company, with revenues of US$ 8.8 billion in 2007-08. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, a business comprising the two iconic British brands. It also has a strategic alliance with Fiat. With over 4 million Tata vehicles in India, Tata Motors is the country’s market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. (www.tatamotors.com )
Tata Motors is part of the Tata Group, which is one of India's largest and most respected business conglomerates. The business operations of the Tata Group currently encompass seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. Tata is a rapidly growing business group based in India with significant international operations. Revenues in 2007-08 are estimated at $62.5 billion, of which 61 per cent is from business outside India. The Group employs around 350,000 people worldwide.
With 2008 sales of $2.5 billion, Eaton’s Truck Group is a global leader in the design, manufacture and marketing of powertrain systems and components for commercial vehicles. Around the world, Eaton offers manual and automated transmissions, clutches, hybrid power and exhaust aftertreatment systems for trucks, buses and agricultural equipment. For more information visit www.eaton.com/truck.
Eaton Corporation is a diversified power management company with 2008 sales of $15.4 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 75,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.