The new products include PCX-series cooling tower gearbox, small planetary gearbox, Smart Modular series helical gearbox, inline geared motor, geared lift machine, gearless lift machine and modular fluid coupling. These products are highly efficient and will cater to industries varying from oil & gas, steel, cement, food and beverages, power, material handling to textile, elevators etc, according to the company. Karan Thapar, Chairman, Premium Transmission, members of the board and Neeraj Bisaria, Managing Director and CEO, Premium Transmission were present on the occasion of the product launch.

Commenting on the occasion, Thapar said, "With the dynamic business environment in the country along with booming infrastructure and urbanisation the industrial gearbox segment is evolving every day. I see many new opportunities in the coming future as the burgeoning Indian market is set to gain a more predominant role in Premium Transmissions business. Aligning ourselves with the recent trends in the industry, Premium Transmission is playing a vital role in the rapidly evolving Indian industrial market and we are working towards continuously bettering our offerings in tandem with the needs."

Speaking at the product launch event, Bisaria said, "We at Premium Transmission are committed to deliver best-in-class quality products through progressive and efficient operations. Premium Transmission is highly focused on product innovation in sync with the upcoming technology across industries spectrum, which would ultimately be beneficial for our customers. I am confident that the roll-out of the series of new products in the industrial gearbox category will add true value to our customers. With the launch of these products, we have strengthened our portfolio in the industrial gear segment.