SPR Auto Technologies Ltd (formerly Shriram Pistons and Rings Ltd), a leading automotive components manufacturer, has executed a revised technical collaboration agreement with Fuji Oozx Inc of Japan for the supply of technical know-how and manufacturing support for engine valves in India.
The renewed agreement has been extended for a further period of five years, in line with evolving customer requirements and technological advancements in the automotive sector.
Long-standing technology partnership
The collaboration between SPRL and Fuji Oozx has been in place for over three decades, representing one of the enduring technology partnerships in India’s automotive components space.
Through this association, the company has consistently leveraged advanced global technologies to manufacture engine valves catering to both domestic and export markets.
Focus on advanced manufacturing
SPRL said it will continue to manufacture its products in India, serving a wide spectrum of automotive customers while aligning with global quality and performance standards.
The objective of the renewed agreement is to enable access to the latest manufacturing technologies and technical expertise, helping the company address changing market requirements and pursue new business opportunities.
Financial and contractual terms
As part of the revised agreement, royalty will be payable to Fuji Oozx Inc in accordance with the amended terms.
All other provisions of the technical collaboration agreement remain unchanged, ensuring continuity in the operational framework of the partnership.
Strengthening global competitiveness
The extension of the collaboration is expected to strengthen SPRL’ technological capabilities and enhance its competitiveness in the global automotive components market.
With increasing demand for high-performance engine components and evolving emission standards, access to advanced technology is becoming critical for manufacturers to sustain growth and expand their market presence.
The renewed pact reinforces the company’s focus on delivering cutting-edge, globally benchmarked products from its India operations.