JRG Automotive Industries India Pvt Ltd. (JRG Automotive) and Takagi Seiko Corporation (Takagi Seiko) of Japan have announced the formation of a strategic joint venture aimed at introducing advanced automotive manufacturing technologies to the Indian market. 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 joint venture, headquartered in Sampla, Haryana, will involve a significant investment of approximately $15 million. The facility, prioritising environmental sustainability, will house separate units for injection molding and a cutting-edge paint shop. The JV will focus on producing high-quality automotive components, including parts for two-wheelers and four-wheelers, leveraging Takagi Seiko's advanced technologies to enhance component quality for Indian OEMs. With secured business commitments from reputed OEMs, the joint venture is well-positioned to succeed in the Indian automotive market.
“We are thrilled to partner with Takagi Seiko, a renowned global leader in automotive manufacturing,” stated Pawan Goyal - Managing Director, JRG Automotive Industries India Pvt Ltd. “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,” he 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. By introducing our proprietary technologies, such as advanced painting processes, we aim to bring our expertise to India, a market poised for significant economic growth,” said Takagi Akihiro - President Takagi Seiko Corporation.
As part of their strategic collaboration, the two companies initially entered into a technical support agreement for rotational molding in August 2023. Following this, after extensive discussions, JRG Automotive and Takagi Seiko agreed to expand their partnership by collaborating in advanced painting technology, ultimately leading to the formation of this joint venture. The joint venture is expected to create around 500 direct and indirect jobs, contributing to the local economy and community development. It will also support the growing demand among Indian consumers for premium-quality components, even in small cars.