Harita Seating ties up with Fehrer of GermanyAugust 22nd, 2008 - 9:12 pm ICT by IANS
Chennai, Aug 22 (IANS) The city-based Harita Seating Systems Ltd, an automotive seating solutions supplier, has signed a Letter of Intent for a joint venture in India with the 420 million euro F.S. Fehrer Automotive GmbH, a specialist for vehicle interior components headquartered in Kitzingen, Germany. The proposed joint venture Harita Fehrer Ltd is expected to be operational in three months, with Harita Seating holding 51 per cent and Fehrer 49 per cent.
The production programme of the joint venture includes polyurethane moulded foam pads for seats and plastic components for the Indian automotive market as well as motorbike seats. The production locations are in Hosur and Pune.