UCAL Fuel Systems Limited which entered into arrangements with
Orbital in January 2003 to
manufacture Orbital's fuel injection systems in India, will be the
supplier to Bajaj. Synerject, Orbital's
manufacturing joint venture with Siemens-VDO Automotive Corporation,
will initially supply selected
components, such as the air injector, to UCAL. UCAL's high quality
and low cost manufacturing base
will allow cost effective fuel injection system supply to this very
important customer as well as the rapidly
growing Indian market.
"We have great expectations for the Bajaj autorickshaw equipped with
Orbital's direct injection
technology. Outstanding fuel economy and reduced emissions, along
with improved drivability is
exactly what our customers need. We expect our strong dominance of
this sector of the market to
continue," commented Bajaj's Joint Managing Director, Mr. Rajiv
Bajaj. "We look forward to working
closely with UCAL and Orbital to achieve our product goals".
"We are very pleased with this agreement with Bajaj. This is an
important further step into Asia for us."
said Orbital's Chief Executive Officer, Mr. Peter Cook. "Bajaj is
the right partner for Orbital in the
autorickshaw sector with its dominant market presence and its highly
capable engineering abilities."
ENDS
Orbital is an international developer of engine and related
technologies, providing research, design and
UCAL Fuel Systems Limited which entered into arrangements with
Orbital in January 2003 to
manufacture Orbital's fuel injection systems in India, will be the
supplier to Bajaj. Synerject, Orbital's
manufacturing joint venture with Siemens-VDO Automotive Corporation,
will initially supply selected
components, such as the air injector, to UCAL. UCAL's high quality
and low cost manufacturing base
will allow cost effective fuel injection system supply to this very
important customer as well as the rapidly
growing Indian market.
"We have great expectations for the Bajaj autorickshaw equipped with
Orbital's direct injection
technology. Outstanding fuel economy and reduced emissions, along
with improved drivability is
exactly what our customers need. We expect our strong dominance of
this sector of the market to
continue," commented Bajaj's Joint Managing Director, Mr. Rajiv
Bajaj. "We look forward to working
closely with UCAL and Orbital to achieve our product goals".
"We are very pleased with this agreement with Bajaj. This is an
important further step into Asia for us."
said Orbital's Chief Executive Officer, Mr. Peter Cook. "Bajaj is
the right partner for Orbital in the
autorickshaw sector with its dominant market presence and its highly
capable engineering abilities."
ENDS
Orbital is an international developer of engine and related
technologies, providing research, design and
_____________________________________________________________________
____
PERTH, AUSTRALIA: Orbital Engine Corporation Limited, Australia and
Bajaj Auto Ltd, India have
announced a Technical Cooperation Agreement that will see Orbital's
fuel injection technology applied
to a significant volume of Bajaj's autorickshaw three wheeler
vehicles. The agreement for seven years
provides exclusivity to Bajaj on its autorickshaw vehicles for the
three years following the
commencement of production, expected to be during 2005.
Bajaj, based in Pune, is one of India's largest producers of two and
three wheelers and dominates the
autorickshaw market segment in Asia. The autorickshaw is the
ubiquitous form of transport throughout
India and much of Asia and is currently enjoying strong growth. The
Indian market is increasingly
emissions conscious with more stringent emissions standards
commencing in 2005 and further
strengthening in 2008/2009. The market is also fuel economy
conscious and Orbital's direct injection
technology provides significantly improved fuel economy and vehicle
operating costs, in addition to
desirable engine performance.
This agreement and related arrangements with Bajaj provides Orbital
with revenue streams from its
intellectual property and engineering consulting services for
ongoing technical support.
UCAL Fuel Systems Limited which entered into arrangements with
Orbital in January 2003 to
manufacture Orbital's fuel injection systems in India, will be the
supplier to Bajaj. Synerject, Orbital's
manufacturing joint venture with Siemens-VDO Automotive Corporation,
will initially supply selected
components, such as the air injector, to UCAL. UCAL's high quality
and low cost manufacturing base
will allow cost effective fuel injection system supply to this very
important customer as well as the rapidly
growing Indian market.
"We have great expectations for the Bajaj autorickshaw equipped with
Orbital's direct injection
technology. Outstanding fuel economy and reduced emissions, along
with improved drivability is
exactly what our customers need. We expect our strong dominance of
this sector of the market to
continue," commented Bajaj's Joint Managing Director, Mr. Rajiv
Bajaj. "We look forward to working
closely with UCAL and Orbital to achieve our product goals".
"We are very pleased with this agreement with Bajaj. This is an
important further step into Asia for us."
said Orbital's Chief Executive Officer, Mr. Peter Cook. "Bajaj is
the right partner for Orbital in the
autorickshaw sector with its dominant market presence and its highly
capable engineering abilities."
ENDS
Orbital is an international developer of engine and related
technologies, providing research, design and
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