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JRG Automotive Industries has partnered with Japan’s Takagi Seiko Corporation to establish a joint venture aimed at producing high-quality components for two-wheelers and four-wheelers in the Indian market. With an initial investment of USD 15 million, the new venture is set to operate from a state-of-the-art facility in Sampla, Haryana, and will leverage Takagi Seiko’s advanced technologies to enhance the quality of automotive parts supplied to Indian original equipment manufacturers (OEMs).
This strategic collaboration blends JRG Automotive’s deep understanding of the Indian market with Takagi Seiko’s technological expertise, positioning the joint venture to make a significant impact on India’s rapidly growing automotive industry. The joint venture has already secured commitments from several prominent OEMs, signaling its potential to become a key player in the sector.
Pawan Goyal, Managing Director of JRG Industries Pvt Ltd, expressed optimism about the partnership. “By utilizing Takagi Seiko’s cutting-edge technologies, we aim to elevate the Indian automotive sector and strengthen our relationships with leading OEMs. This collaboration will allow us to meet the growing demand for premium components, generate employment opportunities, and contribute to local economic development,” Goyal stated.
The joint venture initially began with a technical support agreement focused on rotational molding in August 2023. Following successful discussions, the partnership expanded to include advanced painting technologies, culminating in the formation of this new entity.
The facility in Sampla is expected to generate around 500 direct and indirect jobs, supporting both local economic growth and the automotive industry’s increasing demand for high-quality parts. Takagi Akihiro, President of Takagi Seiko Corporation, emphasized the significance of the partnership, noting, “This joint venture is a critical step in our strategy to strengthen our domestic and international revenue streams while enhancing our operational capabilities.”
With this collaboration, JRG Automotive and Takagi Seiko are poised to meet the evolving demands of the Indian automotive market while contributing to its technological advancement.
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