Auto component supplier, Advik Hi-Tech (Advik) has rolled out an expansive portfolio of its latest technology solutions spanning across ICE, Electric Vehicles, CNG & Hydrogen fuel segments at the 16th edition of the Auto Components Expo in Delhi.
The company has earmarked a Capex of about 500 Crore Rupees to meet its expansion requirements for product and capacity development over the next three years.
While in the Hydrogen fuel segment, Advik & H2X Global, Ltd., the Australian vehicle and powered products manufacturer introduced their patented Hydrogen Fuel Cell Power Generators to help advance the hydrogen projects in India and global markets with the initial focus on the Truck, Bus, and light commercial vehicles and stationary generator set markets.
Building on the strong expertise of Advik in technology component development and the global experience of H2X with over 22 million km of distance covered by vehicles with their hydrogen systems to date, the Joint venture will further expand their footprint in the European and Asian markets.
Production is expected to commence by the middle of 2023 and the products will be marketed under the H2X brand.
The Advik-H2X collaboration will also undertake the application of Methanol fuel cells, providing another clean alternative to hydrogen in certain products, ensuring full capacity utilization of the fuel cell division of the company.
Both the above launches in both the CNG and Hydrogen fuel cell segment will help to forward Advik’s vision to create an innovative and sustainable ecosystem of technologies and services for reducing emissions, thus helping to expand the adoption of more green and clean technologies for the future.
Speaking on the occasion, Aditya Bhartia, Managing Director, Advik Group of Companies said, “Our technology showcase at the Expo is the next step on our vision of becoming a leading solutions provider for the evolving multi-fuel market both in India and globally. With all our products being manufactured in India, it underlines our responsibility to drive the industry and further the Government of India’s mandate for Atmanirbhar Bharat. With Advik being selected for PLI, it is a testament to our commitment to adopt and indigenize leading global technologies for the Indian market. For example, the CNG regulator and Electric Vacuum Pump is part of Advik’s approved PLI and it will cater to OEM demand both in India and international markets.”
Brendan Norman CEO of H2X who joined Advik for the exhibition said, “The opportunity to expand our company using India, a trusted partner recently recognized by the Australia-India Free Trade Pact, and a world leader in technological advancement, together with Advik Hi-Tech which is a company over the past 24 months we have seen offer top of the world quality and precision and acts with total grace and class is an amazing chance for us to grow our business strongly into the future. Through the course of the exhibition we have met with several OEMs and have seen significant interest in the hydrogen space and the cooperation with Advik and we see many opportunities to work together with these.”
The Advik Hi-Tech Pavilion can be visited at Stand No. 4.62 in Hall No. 4GF of the Auto Expo, Pragati Maidan from 12th to 15th Jan 2023.