BorgWarner’s Compact Wastegate Turbocharger Boosts Latest 1.0-liter Gasoline Engine from Honda

BorgWarner Turbocharger

  • BorgWarner’s most compact turbocharger for 1.0-liter engines
  • Boosts performance, improves fuel efficiency and reduces emissions
  • Delivers quick response with low noise, vibration and harshness as well as an excellent power density

Auburn Hills, Michigan, July 11, 2017  BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, delivers its proven wastegate turbocharger for Honda’s new three-cylinder 1.0-liter gasoline direct-injected engine, initially available for the Civic in Asia and Europe. BorgWarner’s compact turbocharger improves engine efficiency and boosts performance, helping achieve an outstanding power output of 95 kW (127 HP) with quick engine response.

“Designed for powerful, downsized engines, BorgWarner’s wastegate turbocharger combines high power density and excellent response in an extremely compact package,” said Frédéric Lissalde, President and General Manager, BorgWarner Turbo Systems. “BorgWarner’s first global development with Honda reflects our strong reputation as a leading supplier of advanced turbocharging technologies and supports our growth in Asia and around the world.”

BorgWarner’s reliable B01 turbocharger features a compact, robust design with low noise, vibration and harshness and facilitates the use of low viscosity oil. Its advanced materials withstand exhaust temperatures up to 950 degrees Celsius and rotational speeds of up to 285,000 rpm. Fitted with an electrically actuated wastegate for highly accurate control to prevent charge pressure at high engine power, BorgWarner’s turbocharger delivers powerful and efficient performance. In addition, it improves fuel economy while providing excellent torque characteristics over the entire engine speed range. The low-inertia turbine wheel allows a wider performance range while optimized harnessing of exhaust gas pulsation offers fast response at low engine speeds. In addition, the rapid activation of the catalytic converter during cold starts significantly reduces emissions.

Via: BorgWarner

WARBURG PINCUS TO INVEST $360 MILLION TO ACQUIRE A SIGNIFICANT MINORITY STAKE IN TATA TECHNOLOGIES FROM TATA MOTORS AND TATA CAPITAL

Mumbai, June 15, 2017: An affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing, has committed to invest around US$360 million for approximately 43% equity stake in Tata Technologies Limited (the “Company” or “Tata Technologies”), a global leader in engineering outsourcing and product development IT services. Warburg Pincus will purchase approximately 30% from Tata Motors Limited (“Tata Motors”) and its subsidiary Sheba Properties Limited, as well as the entire 13% stake held by Tata Capital (8.7% from Alpha TC Holdings Pte Ltd and 4.3% from Tata Capital Growth Fund I). Post the transaction, Tata Motors and affiliates of the Tata Group will continue to retain a significant minority interest of approximately 43% in Tata Technologies, with the remaining ownership held by the management team and other shareholders.

Tata Technologies is a global engineering services and product development IT company with more than 8,500 employees located in 23 countries. Tata Technologies helps the world to drive, fly, build and farm by enabling blue-chip automotive, aerospace and industrial machinery manufacturers realize better products. Leveraging its balanced onshore–offshore delivery model, Tata Technologies has recently delivered multiple fully outsourced vehicle programs for automotive clients, a capability that is unique amongst India-based engineering services companies. The Tata Technologies services portfolio combines engineering, research and development (ER&D); product lifecycle management (PLM) and connected enterprise IT (CEIT) solutions.

“Tata Technologies has developed significant engineering capabilities over the years. The partial divestment is part of Tata Motors’ plan to strategically monetize part of the value created while also inducting a valuable partner, together with whom the Company can excel in its next phase of growth”, said Mr. C. Ramakrishnan, Group CFO, Tata Motors. Mr. Ramakrishnan added, “We look forward to partnering with Warburg Pincus and achieving greater heights for the Company and all its stakeholders.”

“Tata Technologies is widely acknowledged for its superior service offerings and its industry leading engineering capabilities. The Company has demonstrated the ability to scale accounts in a competitive industry by becoming embedded in the manufacturing and product development process of its customers. We are delighted to be partnering with the Tata Group to support the continued growth and development of the Company. We look forward to backing the strong management team at Tata Technologies and leveraging Warburg Pincus’ global network and prior experience in the engineering services space to help grow the business, organically and inorganically, and create value for all stakeholders”, said Vishal Mahadevia, Managing Director and Co-Head of Warburg Pincus India.

“This investment is a testament to our achievements to date and, more importantly, of our great potential moving forward,” said Tata Technologies CEO and MD Warren Harris“As the engineering services outsourcing (ESO) market has matured from cost arbitrage and staff augmentation to increasingly high-end, strategic work, Tata Technologies has been there leading the charge. With the perspective and insights that Warburg Pincus offers as a premier global private equity firm, we are confident we will not only continue moving up the value chain, but materially accelerate our growth journey.”

“Tata Technologies has demonstrated over the past six years of our investment, a high quality engineering services solution appreciated by its marquee client base. The Company has scaled as per our expectations and will deliver an industry leading return profile for the Fund,” said Akhil Awasthi, Managing Partner, Tata Capital Growth Fund I.

Citigroup Global Markets India Private Limited acted as the sole financial advisor to Tata Motors and Tata Capital Investment Banking acted as the sole financial advisor to Tata Capital. The transaction is subject to customary regulatory approvals.

About Tata Technologies:
Tata Technologies makes product development dreams a reality by designing, engineering and validating the products of tomorrow for the world’s leading manufacturers. With more than 8,500 employees serving clients worldwide, Tata Technologies is the manufacturing industry’s premier partner for advanced engineering, research and development, product lifecycle management consultancy and software, and connected enterprise IT solutions. For more information please visit www.tatatechnologies.com

About Warburg Pincus:
Warburg Pincus is a leading global private equity firm focused on growth investing. The firm has more than US$40 billion in private equity assets under management. Its active portfolio of more than 140 companies is highly diversified by stage, sector and geography. Founded in 1966, Warburg Pincus has raised 16 private equity funds, which have invested over US$60 billion in over 780 companies in more than 40 countries. Affiliates of private equity funds raised by Warburg Pincus have invested approximately US$4 billion in over 50 Indian companies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mauritius, Mumbai, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com

About Tata Motors:
Tata Motors Limited is India’s largest automobile company, with consolidated revenues of INR 269,850 crores in 2016-17. Through its subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 9 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS and Russia. (www.tatamotors.com; also follow us on Twitter: https://twitter.com/TataMotors)

About Tata Capital Growth Fund (TCGF):
Tata Capital Growth Fund, a sector agnostic US$240 Million fund was raised in 2011 with participation from global and Indian institutional investors. TCGF is fully committed across nine portfolio companies. TCGF leverages the strength of the Tata Group across all four facets of private equity, i.e. deal sourcing, deal evaluation, value add and exit. For more information please visit www.tatacapital.com

About Sheba Properties Limited (Sheba):
Sheba is a subsidiary of Tata Motors Finance Limited (TMF). TMF and its subsidiaries are having Assets under Management of over USD 3.7 Billion and are engaged in the business of financing entire range of Tata Motors manufactured commercial vehicles, passenger cars and used vehicles. TMF has a presence over 250 branches spread across India to cater the needs of every customer who dreams of owning any of Tata Motors products. TMF group is the largest financier of Tata Motors vehicles and also offers customized product offerings to Tata Motors dealers, vendors and end customers. For more information, please visit www.tmf.co.in

For further information, please contact
Tata Technologies:

Vinay Rawat Tel. 024 77717877

FTI Consulting: 
Andrew Todd Tel. 020 3727 1000

Via: Tata Technologies Press Release

Nissan appoints Thomas Kuehl as its India-Operations President

NEW DELHI, India (July 12, 2017), Nissan has appointed Thomas Kuehl as president, Nissan India Operations, effective from October 1, 2017.

In this role Kuehl, who joins Nissan from Volkswagen, will be responsible for both Nissan and Datsun brands and will head all operations in India including Marketing and Sales, Manufacturing and Research and Development.

“Nissan India is an increasingly important part of Nissan’s future growth plans,” said Peyman Kargar, chairman of Nissan’s Africa, Middle East and India region. “Thanks to his diverse and deep global auto industry experience, Thomas will help drive our business forward with a focus on delivering the best products and satisfaction for our customers, dealers and employees in India.”

Kuehl brings more than 22 years of automotive experience in different countries and different areas of value chain, as well as a deep knowledge of the Indian market gained during his time as Brand Head of Skoda Auto India and Executive Director Corporate Strategy for Volkswagen Group, India.

Commenting on his appointment, Thomas Kuehl said, “I am excited to be returning to India with Nissan. I have first-hand experience of the dynamism and great potential of India, which is on track to become one of the top three auto markets worldwide.”

“Nissan is also poised for significant growth with an expanding range of great products, technologies and services across the Nissan and Datsun brands and a well-established and quality-driven national retail network, supported by local production and R&D in Chennai”, added, Thomas.

Kuehl will be based in the headquarters of Nissan India Motors Pvt. Ltd. in Gurgaon and report directly to Peyman Kargar.

Kuehl replaces Guillaume Sicard, who stepped down from the role as President, India Operations recently to take up a new post with Alliance partner Renault as Vice President, Sales and Marketing, Asia Pacific and Managing Director, South Asia.

About Nissan Motor India Pvt. Ltd.

Nissan Motor India Private Ltd. (NMIPL) is a 100% subsidiary of Nissan Motor Co. Ltd. Japan. The company was incorporated in 2005 and offers innovative and exciting products across hatchback, MUV, SUV and sedan segments in India. Nissan together with its global alliance partner Renault set up a manufacturing plant and a Research & Development Centre near Chennai. Nissan in India has a portfolio of two brands, Nissan and Datsun. For more information, visit www.nissan.in.

FOR FURTHER INFORMATION PLEASE CONTACT:

Abhishe Mahapatra
Head Communications & CSR, Nissan India
Mobile: +91 9811667727
Email: abhishek.mahapatra@email.nissan.in

Via: Nissan India Press Release
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