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JRG Automotive Industries on Monday said it has formed a strategic joint venture with Japan-based Takagi Seiko Corporation to manufacture parts for two-wheelers and four-wheelers for the domestic market at an investment of USD 15 million. The JV facility to be based at Sampla in Haryana will focus on producing automotive components , including parts for two-wheelers and four-wheelers, leveraging Takagi Seiko's advanced technologies to enhance component quality for Indian original equipment manufacturers (OEMs), the company said. It also said the JV has already secured business commitments from reputed OEMs.
This partnership combines JRG Automotive's strong market presence and experience in India with Takagi Seiko's technological expertise and global reputation in the automotive industry, the company said. The joint venture will involve a significant investment of approximately USD 15 million, of which 50 per cent has already been realised, JRG Automotive said. "By leveraging Takagi Seiko's cutting-edge technologies, we aim to elevate the Indian automotive industry and further strengthen our partnerships with key OEMs.
This collaboration will enable us to deliver exceptional quality products that meet the rising demand for premium components, while also contributing to the local economy through job creation," said Pawan Goyal, Managing Director, JRG Industries Pvt Ltd. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Marketing Future of Marketing & Branding Masterclass By - Dr.
David Aaker, Professor at Haas School of Business View Program HR & People Management Human Potential and the Future of Employment By - Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management Practice View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program As part of the strategic collaboration, JRG Automotive said, the two companies initially entered into a technical support agreement for rotational molding in August last year. Following this, after extensive discussions, JRG Automotive and Takagi Seiko agreed to expand their partnership by collaborating in advanced painting technology, leading to the formation of this joint venture, it said. The joint venture is expected to create around 500 direct and indirect jobs, contributing to the local economy and community development, JRG Automotive said.
It will also support the growing demand among Indian consumers for premium-quality components, even in small cars, it said. "At Takagi Seiko, our business strategy focuses on strengthening our domestic and international revenue bases while reinforcing our operations. This joint venture with JRG represents a key milestone in that strategy," said Takagi Akihiro, President at Takagi Seiko Corporation.
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