Rane TRW Steering Systems Limited JV expands
TRW Automotive Holdings Corp. (NYSE: TRW) has announced an expansion of its joint venture ‘Rane TRW Steering Systems Limited’ (RTSSL) in India. Manufacturing TRW airbags and latest generation seat belt systems is now included.
Frank Mueller, vice president and general manager for TRW Occupant Safety Systems said: “India is a very important market for TRW and we look forward to our continued partnership with Rane to manufacture a broader range of advanced technologies that help to protect drivers and occupants there. As a global leader in safety, we are committed to providing affordable safety for all drivers and in all regions – to deliver the safety everyone deserves.
“The investment further strengthens RTSSL’s position in providing state of the art occupant safety solutions to its customers and is a proactive step for enhancing vehicle safety in this market.”
Using TRW’s global manufacturing standards, RTSSL is producing driver and passenger airbags and seat belts at the Indian plant. Yearly production will be about 320,000 units at the start. Expansion to 810,000 units is estimated in the next 3-5 years.