Shriram Pistons & Rings Limited Announces Transfer of License Agreements
Shriram Pistons & Rings Limited announced that its technical collaborator, Kolbenschmidt Pistons Germany GmbH (KS), has undergone a strategic realignment involving the carving out of certain central functions to a newly established entity, Kolbenschmidt Pistons Management GmbH.As a result of this restructuring, the existing license agreements with Shriram Pistons & Rings Limited have been transferred to Kolbenschmidt Pistons Management GmbH by way of assignment/assumption of contract. The company consented to this assignment on April 2, 2026.
According to Shriram Pistons & Rings Limited, the scope of services, commercial terms, and operational aspects remain unchanged. The new entity has assumed all rights and obligations under the agreements, and the terms and conditions of the license agreements remain unaffected.
These agreements, in place for over six decades, cover the use of know-how, patents, and trademarks to manufacture and sell pistons for internal combustion engines of certain specifications. The collaboration aims to facilitate the acquisition of the latest manufacturing technology and know-how, strengthening the company’s presence in the domestic market and securing new business opportunities with access to advanced technology. Royalty payments will continue to be made to KS in accordance with the agreement’s provisions.
| S. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the entity with whom agreement is signed | Kolbenschmidt Pistons Management GmbH |
| 2 | Area of agreement/JV | License Agreement(s) |
| 3 | Domestic/International | The Company manufactures its products in India and will continue to do so, catering to both domestic customers and export markets. |
| 5 | Scope of business operation of agreement | Licence agreement for the use of know-how, patents, and trademarks to manufacture and sell pistons for internal combustion engines of certain specifications |
| 6 | Details of consideration paid/ received in agreement | Royalty will be payable to KS in accordance with the provisions of the agreement. |
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