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Fiem Industries signed a technical assistance agreement with Toyodenso of Japan to manufacture bank angle sensors in India, with production expected from April 2019.
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.
Aisan Industry, a Toyota group company, will set up a joint production company with Fiem Industries near New Delhi to make fuel pumps for two-wheelers, targeting 5 million units a year by the end of 2020 with an investment of several billion yen.
