Bharat Forge (BFL), part of the $2.4bn Kalyani Group will form a joint venture (JV) with KPIT Cummins Infosystems to produce and market the hybrid technology system, REVOLO, for automobiles.
Designed and engineered by KPIT Cummins, the hybrid system is claimed to increase the fuel efficiency and engine performance of both the existing and new vehicles in order to decrease green house gas emissions.
Under the deal, KPIT Cummins will license the technology to the JV, which will produce it, while BFL would add the manufacturing, assembly and integration expertise to the JV.
The system will be marketed to original equipment manufacturers (OEM), fleet and individual vehicle owners through a network of dealerships.
According to the test conducted by the Automotive Research Association of India (ARAI), REVOLO increases fuel efficiency by 40%, while reducing the GHG emissions by over 30%.
The parallel hybrid system allows the motor and engine to work simultaneously and enables the vehicle to be charged through an external electricity source.
