Joint Venture9 May 2025, 01:40 pm
NDR Auto and Hayashi Telempu Enter 50-50 JV to Introduce Innovative Offerings in India
AI Summary
NDR Auto Components Limited has entered into a 50-50 Joint Venture (JV) with Hayashi Telempu to bring to the Indian market a range of disruptive and innovative offerings. Both companies will equally invest INR 33.30 crore towards the setting up of the JV. Hayashi Telempu, a Japanese company with USD 2.1 billion in sales in 2024, focuses on innovation and quality, often working closely with automotive manufacturers to develop customized solutions. The JV will leverage NDR Auto’s experience, capabilities and relationships in the auto components sector, to exclusively bring to the Indian market a range of disruptive offerings from Hayashi Telempu. The JV has also won its first order from Toyota for Ambient Lighting.
Key Highlights
- NDR Auto and Hayashi Telempu enter a 50-50 JV to introduce innovative offerings in India
- Hayashi Telempu is a Japanese company with a focus on innovation and quality
- Hayashi Telempu annually produces 10mn+ units that transform the inside of vehicles and enhance comfort
- The JV will leverage NDR Auto’s experience, capabilities and relationships in the auto components sector
- The JV has won its first order from Toyota for Ambient Lighting