Westport Fuel Systems Combines Businesses to Better Serve Growing Indian Market - Seite 2

“Improving air quality is an important national objective in India and UNO MINDA is committed to this goal” said Nirmal K. Minda, Chairman and Managing Director of MINDA Industries Ltd (“MIL”). “Our partnership has been further strengthened with Westport Fuel Systems through the consolidation of business in India. This expanded partnership is an important milestone to achieve our objective of becoming the technology and market leader for CNG products in the Indian automotive market.”

Financial terms of the asset purchase and sale are not being disclosed. Minda Emer Technologies expects to commence selling Rohan BRC products in approximately 30 days.

About Westport Fuel Systems

At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

About UNO MINDA

MIL is a flagship company of UNO MINDA Group. UNO MINDA, a technology leader in the auto components industry, is a leading Tier-1 supplier of proprietary automotive solutions to OEMs. It manufactures automobile components for OEMs. It is an INR 72 billion (US$0.95 billion) Group in 2019-20 and is rapidly expanding with growing market share across all its product lines.

The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, Mexico, Morocco and Colombia as well as Design Offices in Taiwan, Japan and Spain. It has 62 manufacturing plants globally and has Joint Ventures/Technical Agreements with world renowned manufactures from Japan, Italy and Taiwan. It endeavours to deliver high technology and quality products to its customers globally. For more information about the Group and its businesses, please visit http://www.unominda.com.