The venture, which has already secured 50% of its investment, aims to boost local employment and enhance component quality for Indian OEMs, as said by the company
09 Sep 2024 | 2609 Views | By Autocar Professional Bureau
JRG Automotive Industries India Pvt Ltd and Takagi Seiko Corporation have announced a joint venture focused on manufacturing automotive parts for two-wheelers and four-wheelers. This venture will utilise injection molding, painting, and other assembly processes.
The collaboration marks Takagi Seiko’s entry into the Indian market. The project involves a ...
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JRG Automotive Industries India Pvt Ltd and Takagi Seiko Corporation have announced a joint venture focused on manufacturing automotive parts for two-wheelers and four-wheelers. This venture will utilise injection molding, painting, and other assembly processes.
The collaboration marks Takagi Seiko’s entry into the Indian market. The project involves a total investment of approximately $15 million, with 50% of this amount already invested. Business commitments from leading OEMs have been secured.
The joint venture will be based in Sampla, near Kharkhoda in Haryana, and is expected to generate around 500 employment opportunities, including both direct and indirect jobs.
JRG Automotive's Managing Director, Pawan Goyal, noting the potential to enhance component quality for Indian OEMs and contribute to the local economy. Takagi Seiko's President, Takagi Akihiro, highlighted that the joint venture aligns with the company’s strategy to expand its international presence and introduce its advanced technologies to the Indian market.
Initially, the companies had a technical support agreement for rotational molding, and after further discussions, they expanded their collaboration to include advanced painting technology, leading to the establishment of this joint venture.