Speaking on the occasion, Vikram Mohan, Managing Director, Pricol Limited said, "In a fast-changing environment, it is critical to draw upon the highest level of expertise to design the technologies of tomorrow. We are excited to partner with Kerdea to bring innovative, ground-breaking technologies to our Indian customers.

"This licencing partnership will contribute to our constant efforts to deliver robust, technologically advanced and cost saving products in India. Post the rollout of BS-VI norms by 2020, Pricol is expecting to add over USD 60 to 70 Million to its top line with a healthy EBITDA margin with the products developed through Kerdea's technology.'

Signing the MoU, Dr. Douglas M. Carnes, CEO, Kerdea Technologies said, "We are extremely happy to partner with Pricol to create a transformation in the O2 sensor market and thereby create a pollution free India with the use of O2 sensors.

"This licensing partnership will help us expand our footprint in India by redefining fuel efficiency and emission control and thereby improve product performance for two wheeler and three wheeler vehicle segment in India."

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