Aug, 02 2018 17:10 JST

Source: Mitsubishi Heavy Industries, Ltd.

MHI: Indian Diesel Engine Sales and Manufacturing Company MVDE Reaches Cumulative Production Total of 100,000 Units

- Achieved by Establishing Brand Reliability and Expanded Product Lineup -

TOKYO, Aug, 02 2018 - (JCN Newswire) - Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), announces that its manufacturing and sales company for diesel engines in India, Mitsubishi Heavy Industries-VST Diesel Engines Pvt. Ltd. (MVDE), has achieved a cumulative production total of 100,000 units. This achievement was made possible by the brand reliability that MVDE has established over the 11 years since the company's founding, along with its broad product lineup and high quality on a par with engines made in Japan and offered at a locally-made price, which has earned praise from customers in North America, Europe, and India. MVDE will build on this success, and utilizing its global network, work to further increase production and expand sales.

MVDE was established in July 2007 as a joint venture with V.S.T. Tillers Tractors Ltd. (VTTL), a local agricultural machinery manufacturer. The company's head office and manufacturing plant are located in the heritage city of Mysore in southern India. MHIET holds a 96.8% stake in the company. To celebrate the production of its 100,000th unit, MVDE held a grand puja ceremony at the shipping area, with all employees in attendance.

Initially, MHI held a 90% stake in MVDE and VTTL 10%, and with technical assistance from MHI, the company produced small diesel engines with less than 2L displacement. In 2012, MHI increased its investment to the current holding ratio, establishing a strong financial structure capable of supporting large business negotiations, and the company began manufacturing and selling bigger diesel engines for use in construction machinery and other equipment. MVDE was transferred from MHI in July 2016 with the start of operations at MHIET. The enhanced cost competitiveness from the expanded rate of local production has supported strong demand for engines used in agricultural and construction equipment, leading the 100,000 unit achievement.

The joint venture partner VTTL was established in 1967, with its headquarters and factory in Bengaluru. Current, the company annually produces around 30,000 tillers, and 11,000 tractors.

Going forward, MHIET and its parent company Mitsubishi Heavy Industries Forklift, Engine & Turbocharger Holdings, Ltd. (M-FET) will further strengthen MVDE's business structure of sales, procurement, manufacturing and after-sales service, and develop the company to be a center for the engine and energy business alongside those in Japan and Europe.

About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

For more information, please visit MHI's website:
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA:

Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: [email protected]
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Engineering

Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

MHI: Six More Cars to be Delivered for "New Shuttle" AGT Line in Saitama
February 12 2019 11:35 JST
MHI's Notice Concerning Change to Advisors System
February 06 2019 13:16 JST
MHI Appoints Seiji Izumisawa as President & CEO, CSO, Announces Changes in Board and Executive-level Personnel
February 06 2019 11:04 JST
MHI Thermal Systems to Strengthen Sales Network for Air-Conditioning and Refrigeration Business in Turkey
January 31 2019 10:53 JST
MHI and Weir Partnership to Supply Pumps for Hinkley Point C
January 31 2019 10:35 JST
Additional Cars Ordered for Mitsubishi Heavy Industries America's SkyConnect APM System at Tampa International Airport
January 31 2019 09:12 JST
MHI: Lineup of Diesel Engines for Power Generation Made and Sold in China to Undergo Major Expansion
January 28 2019 11:55 JST
Mitsubishi Shipbuilding Holds Christening Ceremony for Next-Generation LNG Carrier "NOHSHU MARU"
January 11 2019 12:08 JST
MHIET: Two MGS Diesel Generator Sets Delivered for Hotel in Shanghai
January 10 2019 10:52 JST
MHI President Miyanaga's 2019 New Year Message
January 08 2019 13:20 JST
More Press release >>

Latest Press Release

More Latest Release >>