Pricol signs MoU with Kerdea Technologies
Pricol Limited has signed a MoU with Kerdea Technologies to produce oxygen sensors. Under an exclusive licensing agreement with Kerdea Technologies, Pricol, with Kerdea’s patented technology, will produce oxygen sensors for combustion engine applications in two and three wheelers. Apart from an opportunity to expand its sensors portfolio in India, especially with the BSVI emission norms around the corner, Pricol, according to Managing Director Vikram Mohan, will deliver robust, technologically advanced and cost effective products. Pricol is said to be keen to add USD 60 to 70 million to its top-line with a healthy EBITDA margin. Kerdea profits from an opportnunity to enter the Indian market.