Clients' Press Releases
New Delhi, January 4, 2010
WABCO-TVS expands into Vehicle Control Systems in India
Extensive range of vehicle control system products to be showcased at Auto Expo 2010
US$2.6 billion
WABCO Holdings Inc. (NYSE: WBC), a global technology leader and tier-one
supplier to the commercial vehicle industry, today announced that its
award-winning subsidiary WABCO-TVS (India) Ltd. is offering an extensive
range of products for the commercial vehicle control systems market.
Participating at its first major industry event since becoming a subsidiary
of WABCO in June 2009, WABCO-TVS is presenting pioneering engineering along
with its expanded product portfolio. It includes advanced braking systems,
innovative active and electronic control systems for commercial vehicles,
and improved products and systems for air suspension in luxurious cars such
as Mercedes and BMW among others. WABCO-TVS is also showcasing
industry-leading driveline control systems for trucks and buses such as
OptiDrive(tm) automated manual transmission systems, a finalist for the 2010
Automotive News PACE(tm) Awards - the industry's benchmark for innovation.
WABCO is present at Stall 28, Hall 18 of Pragati Maidan from January 5-11,
2010.
According to Leon Liu, President, Asia Pacific, WABCO, "Given Auto Expo's
comprehensive and record number of exhibitors and visitors, WABCO-TVS
expects to meet in India with a widening global group of customers, partners
and other industry players as we demonstrate our passion for growth. We are
also committed to further leverage the well anchored leading position of
WABCO-TVS in the local market with WABCO's outstanding capabilities and
global network as we maximize value for customers in India and
internationally."
According to P Kaniappan, Whole-time Director, WABCO-TVS (INDIA) Limited,
"Our expansion into vehicle control systems and major participation at Auto
Expo marks a significant milestone in the growth and global expansion of
WABCO-TVS in India as it moves beyond conventional braking into advanced
braking, sophisticated air suspension, electronic vehicle control and
innovative driveline control systems. This expanded product offering will
enable us to help our customers further improve vehicle and road safety,
increase vehicle efficiency and environmental sustainability, improve driver
effectiveness, and reduce overall vehicle operating costs."
About WABCO-TVS (INDIA) Limited:
Since June 2009, Chennai-based WABCO-TVS
became an indirect subsidiary of WABCO Holdings Inc. The company's business
has been present in India for more than 40 years through joint ventures and
is currently expanding its product offering beyond conventional braking
systems into advanced braking, sophisticated air suspension, electronic
vehicle control and innovative driveline control systems. The company has a
network of 205 Whole Sale Distributors, 130 Authorised Service Centers and
140 Certified Workshops in the Indian market.
About WABCO:
WABCO Vehicle Control Systems (NYSE:WBC) is a leading supplier
of safety and control systems for commercial vehicles. For over 140 years,
WABCO has pioneered breakthrough electronic, mechanical and mechatronic
technologies for braking, stability, and transmission automation systems of
world's leading commercial truck, trailer, and bus manufacturers. With
sales of $2.6 billion in 2008, WABCO is headquartered in Brussels, Belgium.
Please visit
www.wabco-auto.com for details.