Jaya Hind Industries Ltd.; Pune based Aluminium Die Casting Company, announced today that it has entered into a Joint Venture with Montupet S.A for the development and manufacture of automotive cylinder heads in India.
This joint venture will bring together the product development and concurrent engineering strengths of Montupet S.A., and cost efficient manufacturing experience and in-depth market knowledge of Jaya Hind Industries (JHI). A combination of world-class technologies and cost-management competencies will be the core strength of this venture. Both JHI and Montupet will now be able to cater to the requirements of various OEM’s not just in India but also in other Asian markets like China, South-East Asia and the Far East.
With this joint venture Montupet S.A. now extends its manufacturing footprint across Asia tapping into newer markets. JHI will have access to Montupet’s global technology to manufacture world class automotive components and align it with the “cost-effective” manufacturing techniques.
Speaking on this occasion, Mr. Prasan Firodia, MD JHI said, “JHI has always been recognized for its focused development of critical automotive parts and believes in equipping itself with world class technology, quality process and systems and training its manpower accordingly. This JV is in line of our strategy of absorbing world-class technologies through technical partnerships with global leaders. This Joint venture will also give us the benefit of a global presence to offer supply chain benefits through geographic proximity to our customer. This JV makes immense strategic impact in today’s globalized markets.”
Chairman and CEO, Mr. Stéphane Magnan declared, “Montupet is recognized as a technological world leader for advanced aluminium castings for the automotive industry. Our strategy includes developing our manufacturing footprint to better serve our customers; this JV represents a major step as it establishes a presence of Montupet in Asia. We have great expectations that it will have a major impact on the company’s development in the years to come and we think that joining forces with Jaya Hind Industries, which has proven its management excellence, brings to the JV the best chances of success”.