with the new emission regime becoming more stringent for the automotive industry by 2020 punebased indoschottle auto parts limited is beefing up its technical expertise to meet oems requirements both in india and overseas a rs 250 crore indoswiss joint venture it is bullish of clocking a turnover of rs 500 crore over the next 5 years through new businesses of this exports will constitute the major chunk of rs 350450 crore specialising in precision components and assemblies for engines turbochargers and fuel injection systems besides hydraulic parts about 50 percent of the companys production pegged at around rs 125 crore is exported annually to north america europe and china some of its components comprise engine valve collets and rocker arm screws engine valve collets cater to 95 percent indian needs with a production capacity of 28 million every month major customers are oems in the us and europe besides engine maker cummins in the domestic market key clients are cummins maruti suzuki tata motors and ashok leyland indoschottle caters to automotive and off highway applications the company recently bagged the global quality award from turbocharger manufacturer honeywell transportation systems vijay pusalkar chairman indo schottle told etauto that with the new emission regime coming into force engines turbochargers and fuel injections systems have to be modified to meet more stringent requirements also read gst dries up working capital for auto component companies globally indoschottle a company of the sfs group of switzerland is supplying components to oems compliant to meet euro iv v and vi requirements two years ago it acquired wema nv a belgium company for 12 million rs 7633 crore relocating wema nv to india indoschottle took over the machinery and equipment owned by wema nv in addition to its technology wema nv had been undertaking rd on euro v and vi emission norms and hence the technology along with the machines and equipment came in handy for indoschottle and were shipped to india these were then based at pune where indoschottle is headquartered as well as belgaum in karnataka where 2 out of its 4 plants are located with this substantial expansion of its manufacturing base indo schttle has laid the groundwork for faster organic growth jens breu coo of sfs group had then said the acquisition of the machinery assets of wema will enable us to double our production output in india over the next several years we will also be able to approach potential new customers thanks to the wema project most diesel engines compliant to euro v and vi emission norms require more than one turbocharger for which modified turbos are a must says pusalkar we have been developing the new products in collaboration with expats who have been working with our staff for a year here in india now our people have acquired enough knowledge to make the components to meet euro v and vi requirements also read auto supplier zf feels able to attempt a large takeover the component maker has made