The NK Minda Group and Kosei Aluminum Company Ltd, a Japanese manufacturer of alloy wheels have formed two joint ventures. The first in which NK Minda will have a 40 percent stake will develop, manufacture and sell aluminium alloy wheels and precision aluminium diecasting parts for major car manufacturers. Production is expected to kick off in 2012 with an annual volume of 300,000 pieces. This will increase to 600,000 pieces per annum by in 2014. The JV will have an authorised capital of Rs 5 cr
06 Jan 2011 | 4743 Views | By Autocar Pro News Desk
The NK Minda Group and Kosei Aluminum Company Ltd, a Japanese manufacturer of alloy wheels have formed two joint ventures. The first in which NK Minda will have a 40 percent stake will develop, manufacture and sell aluminium alloy wheels and precision aluminium diecasting parts for major car manufacturers. Production ...
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