Fiem Industries - Updates
Fiem Industries Ltd has informed BSE that the Company have achieved another milestone by entering into a “License and Technical Assistance Agreement” with renowned European Company M/s. BATZ S. Coop. of Spain for manufacturing of complete Pedal Box Assembly.
This “Pedal Box Assembly” will be supplied to “General Motors India Ltd” for its “Global Small Vehicle” (GSV) Project.
This is a new product line for the Company and will add new dimensions in the Business Diversification Policy of the Company. The Management perceive it as a big leap for mega entry into Four Wheeler Segment.
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