JRG Automotive Industries India & Takagi Seiko Corporation Form $15 Million Joint Venture

JRG Automotive Industries India (JRG Automotive) and Takagi Seiko Corporation (Takagi Seiko) of Japan have today formed a strategic joint venture aimed at introducing advanced automotive manufacturing technologies to the Indian market. 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.

Commenting on the formation of this JV, Pawan Goyal, Managing Director of JRG Automotive Industries India, said “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.”

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. 

“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,” added Takagi Akihiro, President of Takagi Seiko Corporation.

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.