Advik Hi-Tech, Australia’s H2X Global partners for manufacturing H2 vehicle components
Pune-based Tier 1 supplier Advik Hi-Tech and Australia's H2X Global have announced a joint venture to manufacture products and components for hydrogen vehicles and powered products for the Indian and global markets.
The vehicles and components have been designed and developed by the H2X Global design team and production is scheduled to start immediately to cater to the rapidly growing demand for hydrogen-powered equipment and vehicles in India.
The partners intend to immediately begin production of H2X's Series of fuel cell-powered generators. The first generators manufactured by the joint venture will be put into service with a large-scale power system providing emission-free power for Advik's Research and Development (R&D) Centre located in Pune, India.
Aditya Bhartia, MD, Advik Hi-Tech stated, "India is destined to be a leader in the hydrogen industry with strong support from government and industry. As a company that has always been ahead of the curve, we are aggressively pushing into the hydrogen space as a core growth area for our company and as a leader of this movement in the country. We have great confidence in the product range from H2X as being one with several key opportunities to support the deployment of hydrogen in the Indian market and together with our local knowledge and expertise we see a great opportunity to develop this for the acceleration of the Indian clean energy movement."
Over the past year, the two companies have been working together to discover opportunities for hydrogen in the Indian market. Advik will become a major supplier of products and components to H2X on a global level. It will also launch distribution activity for products from H2X through the joint venture, capitalizing on the local knowledge and network of the company.
Brendan Norman, CEO, H2X said, "We have long believed India is one of the great manufacturing powers of the world and we have found a great player in the automotive Industry in Advik. The cooperation between our companies gives us great strength in being able to address India but also to provide us with a strong manufacturing backbone to support our production activities in Australia and other parts of the world as well."
