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| Exchange Received Time 30/05/2018 16:16:32 Exchange Disseminated Time 30/05/2018 16:16:42 Time Taken 00:00:10 | This is to inform you that the Company has entered into a Technology Transfer and Technical Assistance Agreement with Tinsley Bridge Limited, UK for transfer of TBL's Extralite Spring Technology and Special Steel Technology to the Company. The Company is India's market leader in automotive suspension solutions and world's leading player in Leaf Springs. The Company has in place a full range of suspension solutions for commercial vehicles that Company supplies to major OEMs.
The Tinsley Bridge is located in Sheffield, UK and is highly accredited engineering and manufacturing group in the automotive, nuclear, rail, defence, renewables, machine knives and energy sectors. The technology from TBL will enable the Company to manufacture high stress, lighter springs with increased life for the commercial vehicles.
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