Home > India: Magna Powertrain and Rico Auto sign joint venture agreement

India: Magna Powertrain and Rico Auto sign joint venture agreement

Magna Powertrain, a business unit of Canadian-based Magna International, has signed an agreement with Rico Auto Industries to establish a 50:50 joint venture facility in Gurgaon, Haryana, reports The Hindu Business Line.

The joint venture will manufacture oil and water pumps with aluminium housings for automotive engine applications. The new plant, …

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