ASK Automotive Ltd has announced a partnership with Japan’s Kyushu Yanagawa Seiki (KYSK) through a Technical Assistance and License Agreement to produce high-pressure die-cast alloy wheels for two-wheelers. This agreement enables ASK Automotive to utilize KYSK’s advanced technical expertise to manufacture alloy wheels for a designated Japanese customer.
As part of the arrangement, ASK Automotive will pay a one-time initial royalty and an ongoing royalty to KYSK. The collaboration aims to help ASK Automotive meet industry standards while producing top-tier products for its customers. The agreement is set to remain valid indefinitely unless terminated under specific conditions.
Kuldip Singh Rathee, Chairman and Managing Director of ASK Automotive, expressed that this partnership will provide the company with crucial technical assistance, ensuring that ASK can meet the required standards and deliver premium products for its customer.
ASK Automotive clarified that the two companies are independent entities and that India is designated as the “Domestic Territory” for this agreement. The announcement was made in compliance with SEBI’s Listing Obligations and Disclosure Requirements.
ASK Automotive is known for manufacturing automotive components and has recently ventured into cast wheel production. The company specializes in two-wheeler components, including Advanced Braking (AB) Systems and Solutions.
KYSK is a Japanese firm that excels in providing technical know-how for the production of high-pressure die-cast alloy wheels for two-wheelers, ensuring products meet international quality standards for the automotive industry.
It is a prominent Indian manufacturer specializing in automotive components, with a strong presence in the two-wheeler and commercial vehicle sectors. The company is known for its advanced technologies and expertise in producing high-quality components such as braking systems, alloy wheels, and other essential parts for the automotive industry.
With a commitment to innovation, ASK Automotive has expanded its product portfolio to include advanced braking solutions and has recently ventured into the production of cast wheels. The company is focused on meeting stringent industry standards and delivering reliable, best-in-class products to its customers. The company operates with a vision of driving growth through continuous research and development, ensuring its position as a leader in the automotive component manufacturing sector.
