Rane TRW Steering Systems Ltd Expands To Offer Full Occupant Safety Solutions


trw

LIVONIA, MI--April 28, 2014: TRW Automotive Holdings Corp. , today announced that its joint venture 'Rane TRW Steering Systems Limited' (RTSSL) in India has expanded to manufacture TRW airbags and the latest generation of seat belt systems.

Frank Mueller, vice president and general manager for TRW Occupant Safety Systems said: "India is a very important market for TRW and we look forward to our continued partnership with Rane to manufacture a broader range of advanced technologies that help to protect drivers and occupants there. As a global leader in safety, we are committed to providing affordable safety for all drivers and in all regions – to deliver the safety everyone deserves.

"The investment further strengthens RTSSL's position in providing state of the art occupant safety solutions to its customers and is a proactive step for enhancing vehicle safety in this market."

RTSSL is applying TRW's global manufacturing standards to produce driver and passenger airbags and seat belts at the facility and will make around 320,000 units per annum initially, with an increase in manufacturing capacity to approximately 810,000 units in the coming three to five years.

RTSSL is a 50:50 joint venture with the Rane Group based in Singaperumal Koil near Chennai. Since 1962, TRW has had a presence in India through its Brakes India Limited joint venture with another third party. It has continued to establish further partnerships to offer a full range of safety products and now supports ten manufacturing locations.

About Rane TRW Steering Systems Ltd

Rane TRW Steering Systems Ltd (RTSSL), a 50:50 joint venture between Rane Investments Limited and TRW, is the market leader in Hydraulic Power Steering Systems in India. RTSSL manufactures Hydraulic Power Steering Gears, Vane Pumps and Reservoirs. RTSSL has an exclusive division manufacturing seat belts at its Singaperumal Koil Plant near Chennai. Established in 1987 as a joint venture between Rane Investments Limited and TRW, RTSSL is the market leader in hydraulic power steering in India.

About TRW

With 2013 sales of $17.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 24 countries and employs approximately 65,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services.

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