Joint Venture26 Jun 2025, 03:28 pm
ASK Automotive Ltd Enters Joint Venture Agreement with T.D. Holding GMBH for Manufacturing, Marketing and Selling Sunroof Control Cables and/or Helix Cables
AI Summary
ASK Automotive Ltd has entered into a Joint Venture Agreement (JVA) with T.D. Holding GMBH, Germany (TDH) for manufacturing, marketing and selling sunroof control cables and/or helix cables for passenger vehicles. The Joint Venture Company (JV Co.) will be incorporated after execution of JVA, and ASK will hold 49% share while TDH will hold 51% share. The JV Co. will be engaged in the business of manufacturing, marketing and selling of Products to Original Equipment Manufacturers, Original Equipment Suppliers, and Tier one (1) suppliers in India. TDH will also provide the JV Co. technical know-how/technology to manufacture the Products.
Key Highlights
- ASK and TDH have entered into a Joint Venture Agreement to form a Joint Venture Company in India for manufacturing, marketing and selling sunroof control cables and/or helix cables for passenger vehicles.
- ASK will hold 49% share and TDH will hold 51% share in the JV Co.
- The JV Co. will be engaged in the business of manufacturing, marketing and selling of Products to Original Equipment Manufacturers, Original Equipment Suppliers, and Tier one (1) suppliers in India.
- TDH will provide the JV Co. technical know-how/technology to manufacture the Products.