Joint Venture29 Oct 2025, 08:12 pm
Sharda Motor Industries Ltd. Signs Technology Licence Agreement with Donghee Industries for Advanced Suspension Portfolio
AI Summary
Sharda Motor Industries Ltd. (SMIL) has signed a Technology Licence Agreement (TLA) with Donghee Industries Co. Ltd., Republic of Korea, for advanced suspension products in India. The agreement will enable SMIL to locally produce Control arms, Torsion beams and Sub-frames for Indian and Global OEM platforms. This partnership aims to address the overall capability gap in the Indian market, especially in the SUVs, Electric and premium segments in passenger vehicles, and to deliver world-class suspension solutions tailored for Indian driving conditions.
Key Highlights
- SMIL adds advanced suspension capabilities to its product portfolio as part of its strategic growth journey.
- Donghee licenses its proven chassis and suspension technology for Control arms, Torsion beams and Sub-frames.
- The partnership addresses advanced suspension requirements for India’s fast-growing SUV, electric, and premium luxury passenger vehicle segments.
- Enables next-generation localisation of critical suspension portfolio for Indian OEMs.
- Donghee brings Global technology and vast product experience across geographies and customers, including Global giants like Hyundai, Kia, VW, and Stellantis. SMIL brings India-wide manufacturing scale, deep domestic OEM relationships and a strong localisation focus.