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RACE signed a MOU with AB Trucks Private Limited towards establishing a professional dealership for Original Equipment Manufacturers in India to cater medium and heavy commercial vehicles.

Chennai, India – January 20, 2012 — RACE Innovations, an emerging leader in consulting, project management & engineering services has signed an agreement with AB Trucks Private Limited for setting up a professional dealership for Original Equipment Manufacturers in India. This dealership targets the commercial vehicles segment exclusively.

The professional dealership for Original Equipment Manufacturers will be a one-stop for servicing and maintenance of all medium and heavy commercial vehicles. RACE BOM (Build Operate Maintain) team will indulge in setting up an AMW dealership in Chennai & Vellore. RACE will initially build the dealership, thereon operate and maintain the dealership on behalf of AB Trucks Private Limited. RACE team will also assist AB Trucks in setting up a Professional Consultant Driver Training Academy.

About Race Innovations

RACE Innovations, a premium research & engineering project firm, engaged in the business of managing projects in the commercial vehicle space and have working relationship with all major bus and truck OEMs, fleet operators, and body builders, financing firms, governmental agencies and statutory bodies in India. RACE has a global presence in 6 countries and headquartered in India.

About AB Trucks Private Limited

The AB Group is a company engaged in a variety of business areas like travels, automobiles, man power supply, driver training academy, etc. AB Trucks is involved in the dealership of AMW (Asia Motor Works) commercial vehicles.

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