Magneti Marelli, Suzuki Motor Corporation and Maruti Suzuki India Limited have signed an agreement for the creation of a joint venture in India, aimed at the production of ECUs for diesel engines.

Magneti Marelli, Suzuki Motor Corporation and Maruti Suzuki India Limited have signed an agreement for the creation of a joint venture in India, aimed at the production of electronic control units for diesel engines.

According to the agreements, Magneti Marelli will participate for 51 percent in the share capital of the new company, Suzuki for 30 percent and Maruti for 19 percent. The initial investment is expected to total approximately 15 million euros.

The industrial activities will be located in Manesar, in the industrial district of Gurgaon, approximately 40 km southwest of New Delhi. The start of production is scheduled for the end of 2008 and, as part of the objectives, the production capacity of this plant should reach a total of about 500,000 control units per year when working at full stretch.

"The joint venture with Suzuki and Maruti," stated Eugenio Razelli, CEO of Magneti Marelli, "brings cutting-edge technology to our automotive partners and allows Magneti Marelli to significantly increase its presence in a fast-growing market."