Magna Seating, a unit of Aurora, Ontario-based Magna International, has formed a 50-50 joint venture (JV) with India’s Krishna Group to produce complete seats and seat mechanisms for automakers in the Pune region.
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The joint venture, called MSKH Seating Systems, will operate from Chakan (near Pune, Maharashtra state) and expects to start production within a year.
Krishna Group is one of the largest complete seat suppliers in India and said it would benefit from Magna Seating’s engineering support.
“Aligning ourselves with the Krishna Group allows us to engage automakers in the Pune region of India with a capable and competitive partner,” said Deepak Nagaraja, who heads Asia-Pacific operations at the Magna unit. “They are a high-volume manufacturer of seating systems with a strong and established supply base.”
Krishna chairman Ashok Kapur said: “By combining our resources we are able to offer Pune area automakers with the latest in seating technologies at a competitive price.”
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By GlobalDataThis is Magna Seating’s first foray into India and also expands the presence of parent Magna International in the country. Its powertrain, mirror, closures, Magna Steyr and Cosma International units already operate there.
