Italian brake maker Brembo and Ningbo SAFE Brakes Systems have agreed to form a joint venture in India to make motorcycle anti-lock braking systems, expanding into a market set for tighter safety rules.
Brembo said on Wednesday it would hold a 60% stake in the new company, BRSF Active Safety Solutions, which will produce anti-lock braking systems from a dedicated facility in Chakan, in Pune district.