Fiat Group’s Magneti Marelli and India’s Endurance Technologies have inked a joint venture to produce shock absorbers for vehicles in India and Thailand.

Endurance Technologies will have 50% plus one share, while Magneti Marelli will hold 50% minus one share in the JV, the two companies said in a statement cited by the Economic Times of India.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The JV will start operation by the first quarter of 2009 in facilities at Chakan in Maharashtra while another production unit is also being planned in Thailand, where the Endurance Group is already present, the report added.

The new company will make shock absorbers, including semi-corner modules and gas springs, for cars and commercial vehicles made by global automakers operating in the Indian continent and in nearby regions.

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now