The South Australian government expects new advanced manufacturing jobs and export opportunities to be created from a new partnership between South Australian suspension maker, Supashock and an Indian automotive manufacturer.
Earlier this week, the companies signed an agreement in Mumbai, India, to strengthen collaboration as Supashock develops vehicle suspension for an Indian army vehicle manufacturer.
Defence and Space Industries Minister Martin Hamilton-Smith said, “It’s great to support local South Australian company Supashock in their efforts to create exciting new export opportunities in the Indian defence market. It will also provide fantastic opportunities for South Australian businesses to explore new export avenues in the Indian defence market, as we transition towards a high-tech advanced manufacturing future.”
Under the agreement, Supashock will design and develop prototype suspension technology to be trialled by the manufacturer. If the trials prove successful, Supashock will supply the shock absorbers for current production and modification of existing vehicles.
The partnership is a direct outcome of last year’s Indian trade mission and will see Supashock expand its research and development, and export capabilities, creating new jobs for South Australians. The latest mission is also looking at new advanced manufacturing export avenues in the Indian defence market and partnership opportunities in naval shipbuilding.
Earlier this year, global defence firm Rheinmetall acquired 49 per cent of the Magill-based Supaschock. As part of the week-long India mission, SA’s defence leaders will also visit the Mazagon Dock Shipbuilders Limited (MDL) yard, in Mumbai, which is halfway through a program to build six conventionally-powered Scorpene-class submarines with French shipbuilder Naval Group.