Hyundai Motor India on Saturday said it has tied up with French company Air Liquide Medical Systems (ALMS) for production and supply of ventilators in Tamil Nadu and other states.
France-based ALMS is present in India through a subsidiary which is based out of Chennai.
As part of the partnership, Hyundai and ALMS are looking to produce 1,000 ventilators in the first phase, and to scale up subsequently.
"Ventilators and other respiratory aids are critical devices in the fight against COVID-19 and to this end, Hyundai and ALMS are working together to ensure a steady supply of ventilators in India," Hyundai Motor India MD and CEO SS Kim said in a statement.
ALMS India Managing Director Anil Kumar said the company has initiated a prompt response towards the fight against COVID-19 in support of the government.
"We are confident that this collaboration with Hyundai Motor India will bring about a positive shift in this battle. We are one of the very few Global companies with a dedicated R&D to manufacture ventilators in India," he added.
The company is employing all the resources available to manufacture easy-to use and high-performing ventilators, Kumar said.
Ventilators are medical devices used to deliver air with high concentration of oxygen to the lungs of a patient who is unable to breathe on his own.
For patients severely affected by COVID-19, ventilators are critical to ensure continuous oxygen is supplied to overcome respiratory insufficiency.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha elections 2024: What's the vote-from-home facility? Know eligibility and procedure
Mar 28, 2024 4:02 PM
Poll officers cannot force electors who 'refuse' to vote at polling booths, says EC rule
Mar 28, 2024 2:19 PM
'Committed to serving you as son': Varun Gandhi's note for people of Pilibhit after BJP denies him ticket
Mar 28, 2024 2:03 PM
Lok Sabha elections 2024: Raigarh to Bastar, key seats in Chhattisgarh
Mar 28, 2024 11:40 AM