JRG Automotive Industries announced on Monday the formation of a joint venture with Japan’s Takagi Seiko Corporation. This partnership aims to manufacture components for two-wheelers and four-wheelers for the Indian market, with an initial investment of USD 15 million.
The joint venture will operate from a facility in Sampla, Haryana, and will focus on producing automotive parts leveraging Takagi Seiko’s advanced technologies. The goal is to enhance the quality of components supplied to Indian original equipment manufacturers (OEMs). The venture has already secured business commitments from several prominent OEMs.
Combining JRG Automotive’s extensive market experience in India with Takagi Seiko’s technological expertise and international reputation, the joint venture is poised to make a significant impact in the Indian automotive industry. he total investment in the venture is approximately USD 15 million, with half of this amount already invested, according to JRG Automotive.
Pawan Goyal, Managing Director of JRG Industries Pvt Ltd, expressed enthusiasm about the partnership. “By utilizing Takagi Seiko’s state-of-the-art technologies, we aim to enhance the Indian automotive sector and strengthen our relationships with leading OEMs. This collaboration will allow us to provide high-quality products that meet the growing demand for premium components, while also generating employment opportunities and supporting local economic development,” Goyal said.
The strategic collaboration began with a technical support agreement for rotational molding last August. Following productive discussions, the partnership was expanded to include advanced painting technology, leading to the establishment of this joint venture.
The new facility is expected to generate around 500 direct and indirect jobs, contributing to local economic and community development. It will also address the increasing demand among Indian consumers for high-quality components in smaller vehicles.
Takagi Akihiro, President of Takagi Seiko Corporation, highlighted the strategic importance of the joint venture. “This partnership with JRG is a significant step in our strategy to strengthen both our domestic and international revenue streams while enhancing our operational capabilities,” Akihiro said.
