TRW has announced that it has formed a joint venture with Sun Vacuum Formers to produce steering wheels in India. The joint venture will be called TRW Sun Steering Wheels Private Limited.
Sun currently supplies steering wheels to Maruti-Suzuki, Tata Motors, General Motors and Ford Motor Company operations in India, and is a Tier 2 supplier to Honda and Toyota. The company had a total revenue of US$8.5m in 2006. The company also produces injection moulded seat components for Honda motorcycles.
Phil Cunningham, vice president of Business Development for TRW Automotive said: “Sun is already well positioned in the Indian steering wheel market. TRW has been a significant supplier through its various partnerships in India beginning in 1962, and will bring its global steering wheel expertise into the joint venture.
A new plant for the joint venture will be built in Pune, India. It will support customers in the north west of the country.
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By GlobalData