TPIPLTecumseh Products India Private, Limited
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The ratings also consider TPC's enhancing focus on TPIPL due to low-cost production and the latter's R&D capabilities to develop high-margin products for both domestic and export markets.
Fitch also takes note the current low penetration of air-conditioners and refrigerators in India, which provides growth opportunities to compressor manufacturers such as TPIPL.
The aggregate consideration for TPIPLs 50% interest in OTP has been agreed at USD 30 million in cash, as per the announcement of the company.