Australian-Indian Joint Venture to Supply Hydrogen Powered Products and Vehicles

Melbourne, Australia and Pune, India – H2X Global Ltd, an Australian vehicle and powered products manufacturer, and ADVIK Hi-Tech Pvt Ltd, an Indian manufacturing and development company, recently announced a joint venture for products and components for Hydrogen Vehicles and Powered Products for India and the Global Market. The vehicles and components were designed and developed by the H2X Global design team, and production is set to begin immediately to meet India’s rapidly increasing demand for hydrogen-powered equipment and vehicles.

H2X is led by a team with over 20 years of experience developing Fuel Cell and Hydrogen Vehicles and Power Systems in Europe and Asia and is currently working on several customer delivery programs for Fixed Power Generation and vehicles in Europe, Australia, South-East Asia, Africa, and South America. ADVIK is a global leader in automotive components, with a leading position in the Passenger Car, Commercial Vehicle, and Two-Wheeler production chains as a core supplier of high technology components to almost all major OEMs and annual revenues exceeding $100 million. ADVIK is a leader in high technology low weight applications, and together with H2X, will take the lead in the development and production of Hydrogen Power and Hydrogen Mobility solutions in India.

Starting right away H2X and ADVIK will start manufacturing H2X’s Series of Fuel Cell Powered Generators. H2X is currently deploying several of these units in Australia. The joint venture’s first generators will be used in a large-scale power system that will provide emission-free power to ADVIK’s state-of-the-art Research and Development Centre in Pune, India.

Over the past year, the two companies have been collaborating to explore Hydrogen opportunities in the Indian market, and as the country enters the Green Hydrogen Revolution, the Joint Venture is being launched to position H2X and ADVIK as key players within it. ADVIK will become a major global supplier of products and components to H2X, leveraging the company's significant power as a leading supplier in the Automotive Industry. ADVIK will also begin distribution activity for H2X products through the Joint Venture, leveraging the company’s local knowledge and network. The first products from the Joint Venture will be delivered to the market in the coming months, with the power system in Pune serving as the centerpiece of the Venture's launch. By demonstrating this, the Venture will stake its claim as a leader in the upcoming hydrogen revolution.

Emphasizing that India is destined to be a leader in the Hydrogen Industry with strong support from Government and Industry, Aditya Bhartia, Managing Director, ADVIK Hi-Tech, said, “As a company which has always been ahead of the curve, we are aggressively pushing into the Hydrogen space as a core growth area for our company and as a leader of this movement in the country. We have great confidence in the product range from H2X as being one with several key opportunities to support to the deployment of Hydrogen in the Indian Market and together with our local knowledge and expertise we see great opportunity to develop this for the acceleration of the Indian Clean Energy movement.”

Stating that the Indian Market is critical to the long-term success of the Hydrogen Industry that the company’s partnership with ADVIK will be critical to its growth, Brendan Norman, CEO, H2X, commented, “We have long believed India is one of the great manufacturing powers of the world and we have found a great player in the automotive Industry in ADVIK. The cooperation between our companies gives us great strength in being able to address India but also to provide us with a strong Manufacturing Backbone to support our production activities in Australia and other parts of the world as well.”

On the Joint Venture’s launch, Bhartia further added, “The opportunity for us to be able to launch a product to the Indian market at this early stage is reflective of the passion we have at ADVIK to lead our country and the world in terms of being active in new technological advancement. We strongly believe that through our partnership with H2X we come into a position where we can become a global leader in the Hydrogen revolution and strongly position the growth of Hydrogen in India as a strong pillar of growth into the future.”

Image Source: Magic Wand Media