Meritor, Inc. (NYSE: MTOR) and Brakes India, Ltd. have signed a Licensing and Technology Assistance Agreement for the manufacture 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, successful cooperation between both companies in the Indian market.
More than 5 million Meritor ELSA brakes have been sold globally, demonstrating the markets’ confidence in this technology. 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.
Brakes India Limited is the leading manufacturer of braking systems in India for the automotive industry. Established in 1962 as a joint venture between TVS group and Lucas Industries plc (now integrated with TRW) Brakes India has grown steadily to become a leading brake system supplier to global OEMs operating in India. With design, development and manufacturing capability that matches global standards in quality and safety, Brakes India is capable of providing full braking system technology from concept to completion.