Aditya Auto Products & Engineering and international automotive supplier Edscha signed an agreement to form a 50:50 joint venture ‘Edscha Aditya Automotive Systems.’
The collaboration is aimed at developing, manufacturing, and distributing door checks, hinge systems, parking brakes, and latches. Both the companies expect to strengthen their competitive position while seeking growth opportunities from the joint venture.
Aditya Auto Products & Engineering Private Limited is headquartered in Bangalore with 10 manufacturing units spread across key automotive hubs in India. The Company is a leading supplier of automotive products to most of the passenger and commercial vehicle makers in India. In India, two out of every three vehicles have an Aditya Auto product. With this joint venture, the company gains greater access to the Indian market, enhancing its market position as well as its product portfolio.
With its Chakan unit, located in Pune, the Joint Venture lays the groundwork for both customer-focused and direct supply, especially to manufacturers of Indian cars. The growing automotive market in India with the need of high quality door & access and driver control systems offers great scope of growth for both the companies who will be developing the products together. Orders from customers in India have already been placed and under final stages of development and ramp-up.
Currently, Edscha, which has been part of Gestamp since 2010, is represented in the Asian market with a total of five locations, one in Thailand, one in Korea and three in China. Gestamp has already been present in India since 2008. Today Gestamp has three plants there: two in Pune and one in Chennai. Gestamp also has one Tech centre in Pune and employs around 1,700 people in India.
C Jayaraman, Founder and Vice Chairman of Aditya Auto says, “With over 10 manufacturing plants in all key automotive hubs in India this Joint Venture will enable Aditya Auto to successfully bring new technologies to our customers in India. Edscha is an experienced and strong partner and this partnership will enable and produce outstanding quality in high volumes. Together with our capabilities, the new joint venture has all the prerequisites to operate successfully in the Indian market.”
Edscha CEO César Pontvianne de la Maza comments, “With this step into the Indian subcontinent, we are closing a white spot in our global production network. This includes not only driving forward the development of product applications that are specifically tailored to the needs of this market, but also being able to manufacture them at market-driven prices in the future thanks to our local production facilities”.