ATS ELGi announces manufacturing agreement with VTEQ, Spain
7500 sq ft world class facility setup to manufacture imported vehicle testing equipment for India, in India at affordable price points
ATS ELGI, a wholly-owned subsidiary of Elgi Equipments Limited and India’s largest garage equipment manufacturer, announced its manufacturing agreement with VTEQ, a global leader in vehicle testing equipment based out of Spain. With this partnership, ATS ELGI will setup a world-class manufacturing facility spread across 7500 square feet to manufacture, previously imported, vehicle testing equipment for the Indian market, at competitive price points. The equipment spans brake testers, suspension testers, slip testers, speedo testers, axle play detectors, and steering gear plays.
Commenting on the partnership, Praveen Tiwari, Managing Director, ATS ELGI Ltd. said, “We are excited to embark on this new journey with VTEQ. We have been maintaining VTEQ vehicle testing equipment in India for Government-run testing centers for over five years, as a natural extension of our association with them. For several years, all of these products were imported into the country. With this breakthrough agreement, we will now manufacture proven products in the country and offer them to customers at affordable prices. In addition ATS ELGi’s wide spread sales and service network will ensure customers have access to faster procurement of equipment, high uptime and quick response for addressing maintenance and spare parts requirements.”
“India was the fifth-largest market for cars in 2020, and the country’s automotive sector, including components, is expected to be worth INR 16.1-18.1 trillion by 2026*. We’re also witnessing the Indian government introducing key initiatives – the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME), the National Automotive Testing and R&D Infrastructure Project (NATRIP), and the Bharat Stage (BS) VI standards to promote the country’s automobile production and testing. We expect 200 testing centers to be set up in the country over the next five years. We are looking forward to our partnership with VTEQ, which provides us with an excellent growth opportunity in the industry,” added Dr. Jairam Varadaraj, Managing Director, Elgi Equipments Ltd.
ATS ELGI, a wholly-owned subsidiary of Elgi Equipments Limited, is the largest manufacturer and distributor of Automotive Service Equipment in India and offers the widest range of garage equipment in the country.
About VTEQ, Spain
Founded in 2001 by personnel with extensive experience in the field of Vehicle Inspection Equipment for PTI (Periodic Technical Inspection), VTEQ was born with two main objectives, one, Internationalization, and another, the spirit of continuous innovation, concepts that, after years have allowed us to become one of the most prestigious companies Worldwide.
The continued VTEQ international expansion in different markets for Periodic technical inspection (PTI), with more than 6000 vehicle inspection test lanes installed in over 80 different countries in which VTEQ operates, has made it a significant international player.
About ATS ELGI Limited, India
ATS ELGI is India’s largest manufacturer and distributor of Automotive Service Equipment. With its “One Stop Shop” approach, ATS ELGI offers the widest range of garage equipment in the country. Working closely with authorized OEM workshops and private garages compliments ATS ELGI’s profound understanding of the vehicle servicing business for over 60 years. ATS ELGI is a wholly-owned subsidiary of Elgi Equipments Limited, a global player in the air compressor business.