Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / JBM Auto in JV with Thai firm for manufacturing auto parts
BackBack

JBM Auto in JV with Thai firm for manufacturing auto parts

JBM Auto in JV with Thai firm for manufacturing auto parts

Premium

Mumbai: JBM Auto has said that it has entered into a joint venture (JV) agreement with Thailand-based Ogihara to manufacture auto components.

The JV, in which JBM will hold 51% with the rest with Ogihara, will manufacture part for Toyota Kirloskar Motor and is expected to start commercial operations from 2010.

The company has entered into a JV with Ogihara (Thailand) Company primarily for the manufacture of stamping or sub assembly parts for Toyota Kirloskar Motor, auto component maker, JBM Auto, said in a filing to the Bombay Stock Exchange (BSE).

The JV will set up state of art facilities at Bangalore, it added.

Shares of JBM Auto were trading at Rs22.65, down 7.17% in the afternoon trade on the BSE.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 11 Nov 2008, 03:00 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie