Pri­col signs MoU with Kerdea Tech­nolo­gies

Commercial Vehicle - - NEWS -

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.

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