CHENNAI, India, July 10, 2014 – WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies to improve the safety and efficiency of commercial vehicles, announced today that the Madras Management Association (MMA) has bestowed its 2014 Award for Managerial Excellence in Manufacturing on WABCO India. The MMA recognized the company for excellence in multiple areas, including financial performance, product innovation and customer awards.
“For over 50 years WABCO and our employees have been committed to improving the safety and efficiency of trucks, buses and trailers on India’s roads by enabling commercial vehicle manufacturers to leverage WABCO’s industry-leading products and technologies, strong local engineering talent and outstanding manufacturing capabilities,” said Mr. P. Kaniappan, Vice President, WABCO India Ltd. “We are very honored to receive this award in recognition of the skills and expertise that have positioned us as the preferred supplier of commercial vehicle safety and efficiency technologies in India. It will motivate us even more to contribute to the continued success of our customers and the commercial vehicle industry in India and around the globe.”
“WABCO is a shining example of first-rate standards in management and manufacturing in India,” said Mr. Srivats Ram, President, Madras Management Associationat the award ceremony in Chennai, India. “This award recognizes world-class management practices amongst manufacturing organizations who achieve excellence in business performances.”
The Madras Management Association focuses on promoting world-class standards of management education and training in India since its founding in 1956. Today, more than 8,000 companies, institutions and individuals hold membership in the MMA.
Press Photo / caption: P. Kaniappan (second from left), Vice President, WABCO India Ltd., accepts the 2014 MMA Award for Managerial Excellence in Manufacturing. The Madras Management Association (MMA) recognized WABCO India for excellence in financial performance, product innovation and customer awards. Pictured here from left to right are: Mr. Raju Venkatraman, Senior Vice President, Founder and CEO, MEDALL Diagnostics; Mr. P. Kaniappan, Vice President, WABCO India Ltd.; Mr. R. Chandrasekaran, Vice Chairman, Cognizant and Chairman, NASSCOM; Mr. Gopal Srinivasan, Chairman and Managing Director, TVS Capital Funds Ltd. and Mr. Srivats Ram, President MMA and Managing Director, Wheels India Ltd.
About WABCO India
WABCO India designs, manufactures and markets conventional braking products, advanced braking systems, and other related air assisted products and systems. The company has grown significantly in the Indian commercial vehicle market. WABCO India serves its aftermarket customers through a wide national distribution network. With five world-class manufacturing facilities, software design center and a test track in India, WABCO India excels in engineering and manufacturing. WABCO India employs over 3,200 employees and reported Rs. 1138 Crs in sales in 2013-14. For more information visit www.wabco-auto.com/en/wabcoindia/home
WABCO (NYSE: WBC) is a leading global supplier of technologies and control systems for the safety and efficiency of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the world’s leading commercial truck, bus and trailer manufacturers. With sales of $2.7 billion in 2013, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com