Pune, July 11, 2013: Jaya Hind Industries, the Pune- based aluminium die casting company, has announced that it has entered into a joint venture with Montupet SA for the development and manufacture of automotive cylinder heads in India. Montupet is the world’s second largest manufacturer of cylinder heads. Montupet’s expertise also extends to safety parts like suspension parts, knuckles, control arms and brake master cylinders.
This joint venture will bring together the product development and concurrent engineering strengths of Montupet SA, 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 OEMs not just in India but also in other Asian markets like China, South-East Asia and the Far East.
With this joint venture, Montupet SA 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.
Commenting on the joint venture, Prasan Firodia, MD, JHI said, “JHI has always been recognised 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. It 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 globalised markets.”
JHI is India’s leading supplier of critical parts like cylinder blocks, cylinder heads, bed plates, cam carriers, oil sumps, engine covers, transmission housings, and engine carrying brackets to global auto OEMs like Ford, Renault-Nissan, Cummins, Mahindra & Mahindra, Maruti Suzuki, General Motors, Tata Motors and global Tier 1 suppliers like Bosch and ZF.
Stéphane Magnan, chairman and CEO, Montupet, said: “Montupet is recognised 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.”
Photograph: (L-R) Virginie Russ, sales director, Montupet SA, Dr Abhay Firodia, chairman, Jaya Hind Industries, Didier Crozet, director general, Montupet Group and (seated) Prasan Firodia, managing director, Jaya Hind Industries and Stephane Magnan, chairman and CEO, Montupet Group.