# Fiem Industries forms JV with Aisan Industry and Toyota Tsusho for fuel pump module plant in Rajasthan

Fiem Industries, Aisan Industry and Toyota Tsusho signed a joint venture agreement to manufacture fuel pump modules and IC connectors for two- and three-wheelers in Rajasthan, with initial share capital of Rs. 1 billion and production starting April 2019.

- Type: Acquisition
- Announced: 2018-09-26
- Where: Tupukara / Salarpur Industrial Area, Rajasthan, India
- Value: $13.8M (1.00B INR)
- Status: announced
- Products: fuel pump modules, IC connectors, fuel injection systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Aisan Industry](https://endata.com/companies/2165.md) (partner)
- [Fiem Industries](https://endata.com/companies/2773.md) (partner)
- [Toyota Tsusho](https://endata.com/companies/3935.md) (partner)

## Sources

- [motorindiaonline.in](https://www.motorindiaonline.in/fiem-signs-jv-pact-with-aisan-industry-and-toyota-tsusho/), 2018-09-26: "The initial investment is Rs. 1 billion in the form of share capital by the JV partners."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.