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Home arrow News arrow Alliances and Joint Ventures arrow Takata Corporation forms joint venture with Anand Automotive Systems
Takata Corporation forms joint venture with Anand Automotive Systems Print E-mail
Written by Ganesh   
Tuesday, 06 January 2009
New plant coming up in Chennai ; Plan to build plant in Neemrana

New Delhi, India, January 05, 2009 -Takata Corporation engaged in the manufacture and sale of safety systems for automobiles, including seatbelts, airbags, and steering wheels, has entered into a joint venture agreement with Anand Automotive Systems to manufacture airbags, seatbelts and steering wheels in India for the Indian OEMs. The JV Company, Takata India Private Limited will be majority owned by Takata Corporation.

In June 2007, after receiving an approval from the Indian government’s Foreign Investment Promotion Board (FIPB), Takata Corporation established Takata India as a wholly owned subsidiary in India. Subsequently, the Company began the construction of a new plant in Chennai, India and is also planning to build another plant in Neemrana, near Delhi. Both plants will manufacture seatbelts, airbags, and steering wheels, and will cater to the Indian domestic automobile companies.

Takata strengthens Takata India by converting it into a joint venture with Anand Automotive Systems

With Anand’s substantial manufacturing and sales know-how and deep knowledge of the Indian automotive market, Takata India will further strengthen its base for manufacturing and supplying safety systems for automobiles in India, an area where demand is expected to grow, as awareness of automobile safety rises and the government regulation becomes stricter.

Takata India, with its two manufacturing facilities in the strong automotive hubs in South and North India, will be well poised to play an important role and contribute to India’s automobile industry. Toyoji Iwane is the Managing Director of Takata India Pvt. Ltd.

Anand Automotive Systems manufactures a variety of automotive components and systems including shock absorbers, filter systems, engine components, drivetrain products, exhaust systems, climate control & engine cooling systems, brakes, friction materials and adhesives etc. It has 42 manufacturing facilities in India with an extensive customer base in OE and Aftermarket. It has 18 companies in India(formed with 14 joint ventures with European, Asian and US Companies)

 
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