EXCLUSIVE: INDIA: Miyazu and Sumi Motherson agree car body die JV
Japan based car body die manufacturer, Miyazu Seisakusho Company Ltd has formed a joint venture with Sumi Motherson group of New Delhi to design, manufacture and sell car body dies in India.
Japan based car body die manufacturer, Miyazu Seisakusho Company Ltd has formed a joint venture with Sumi Motherson group of New Delhi to design, manufacture and sell car body dies in India.
Miyazu will hold a 51 % stake in the venture, while Sumi Motherson will hold a stake of 34%. The remaining 15% will be held by Japanese trading house Sojitz Corporation.
The tools will be designed entirely in India, making it the first company in the country to do so.
Deepesh Rathore / Tilak Swarup
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