ASK Automotive gets nod to enter into joint venture with T.D. Holding GMBH
The joint venture is for manufacturing, marketing and selling sunroof control cables and/or helix cables for passenger vehicles
ASK Automotive has received approval to enter into a joint venture with T.D. Holding GMBH (TDH) for manufacturing, marketing and selling sunroof control cables and/or helix cables for passenger vehicles through a Joint Venture Company (JV Co.), which would be incorporated after execution of the Joint Venture Agreement (JVA).
The company shall own 49% of the shareholding in the JV Co. and shall be infusing funds up to an amount of Rs 2.45 crore, in one or more tranche in the JV Co. out of which an amount of Rs 49 lakh shall be infused at the time of incorporation of the JV Co. Further, the remaining 51% of the shareholding shall be owned by TDH. The company’s board in its meeting held on June 25, 2025 has approved the same.
ASK Automotive is the largest manufacturer of brake-shoe and advanced braking (AB) systems for two-wheelers (2W) in India.
