WABCO TO SUPPLY POWER STEERING SYSTEMS TO TATA MOTORS
Wabco Holdings Inc. announced its first major steering system deal in India. As a full systems tier one supplier to Tata Motors, Wabco is equipping Tata with its hydraulic power steering systems, helping them to meet increasing demand for new heavy-duty vehicles locally following recent legislation changes to restrict axle weight loads.
Demonstrating Wabco's strong commitment to expand and to globalize its steering business beyond the U.S., this latest supply agreement with Tata Motors in India represents an important first milestone in delivering leading steering solutions to customers internationally. This following the acquisition in September 2017 of U.S.-based R.H. Sheppard, a key supplier of industry-leading steering technologies for commercial vehicles.
Full dynamic control of commercial vehicles – lateral and longitudinal through Wabco's active steering capability, active braking, stability and suspension control systems – is necessary to progressively achieve the commercial vehicle industry’s vision of autonomous driving.
“This landmark steering technology agreement with Tata Motors in India is another example of Wabco's ability to globalize our rich technology portfolio,” said Jorge Solis, Wabco President, Truck, Bus and Car OEM Division. “Further augmenting our advanced driver assistance and braking systems with our industry-leading steering capability makes Wabco uniquely placed to serve OEMs in every market providing our customers with increasingly higher levels of automation.”
The commercial passenger carrier segment of Tata Motors Limited posted a growth with 4,399 units, 46% increase over last year. This was led by the robust demand for school buses with the onset of the annual school season. Part of the $100 billion Tata group, Tata Motors has operations in the UK, South Korea, Thailand, South Africa, and Indonesia with a global network of 76 subsidiary and associate companies.
In 2017, Wabco reported sales of $3.3 billion and has nearly 15,000 employees in 40 countries.