New Ricardo Subsidiary Launched
VAN BUREN TWP., Mich. - The formal
launch of Ricardo India Private Limited underscores the
commitment of Ricardo to providing an improved and expanded
service to clients in India, one of the world's fastest
developing markets -- and serves to emphasize the increasing
global reach and ambition of the company.
Ricardo has enjoyed a long and
successful history of providing engineering and consulting
services to Indian customers across a wide range of market
sectors, ranging from two and three wheeled vehicles to
passenger cars, commercial vehicles and the power generation
industry. The company's numerous ongoing projects for Indian
customers encompass a broad range of disciplines, including
engine and transmission engineering, control and electronics and
strategic consulting. As a leading global developer of clean,
high fuel- economy and low CO2 vehicle technologies, Ricardo has
found its services in demand from Indian customers as they seek
to satisfy the increasingly stringent demands of legislators and
consumers in both the domestic Indian and international markets.
To consolidate the recent
significant growth of Ricardo's Indian business, and to provide
a solid foundation for its further development, a wholly owned
New Delhi based subsidiary, Ricardo India Private Limited, has
been formed. The new company was officially launched on the
evening of November 2 at a ceremony at the ITC Maurya Hotel, New
Delhi. The event took place in the presence of Richard Stagg,
British High Commissioner to India and Dr. Rajendra Pachauri,
chairman of the U.N. Intergovernmental Panel on Climate Change
(which shares the 2007 Nobel Peace Prize with former U.S.
Vice-President, Al Gore).