Lambardini buys Greaves engine plant

By Our Corporate Reporter

CHENNAI, SEPT. 14. Lombardini India Pvt. Ltd, a 100 per cent subsidiary of Lombardini s.r.l, Italy, has acquired the 422 cc engine project of Greaves at Aurangabad

These engines manufactured under licence from Piaggio, mark the beginning of a series of diesel engines to be launched by the Italian major in India.

The assets acquired are located in a 10,500 sq. m new plant in the industrial area of Aurangabad in Maharashtra. The engines to be produced in this plant will include a family of 422cc diesel and gasoline engines with integral transmission. These engines will be sold to the Piaggio plant at Baramati for its Ape three- wheeler and also to other customers in course of time, says a release.

The first commercial batch of engines is expected to roll out by the end of 2002. Lombardini target is to reach an annual production of 50,000 engines in the third year of commercial operation, the long-term objective being to set up a significant base in India to produce other products.

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Section  : Business
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