JRG Automotive and Takagi Seiko Forge $15 Million JV for Auto Parts Mfg

JRG Automotive Industries has announced a significant joint venture with Japan’s Takagi Seiko Corporation, aimed at manufacturing automotive parts for both two-wheelers and four-wheelers. The venture involves a total investment of approximately $15 million, with half of this amount already secured.

The new facility, located in Sampla, Haryana, will specialize in producing high-quality automotive components. Leveraging Takagi Seiko’s advanced technology, the JV aims to enhance component quality for Indian original equipment manufacturers (OEMs). This partnership combines JRG’s strong market presence in India with Takagi Seiko’s technological prowess.

Initially, the collaboration began with a technical support agreement for rotational molding last August. The companies have now expanded their partnership to include advanced painting technologies, reflecting a deeper commitment to innovation and quality. The JV is expected to create around 500 direct and indirect jobs, contributing positively to the local economy.

This strategic move aligns with Takagi Seiko’s broader business strategy to bolster both domestic and international revenue streams, reinforcing its operational capabilities and market presence.

News by Rahul Yelligetti