Minda, Japan’s Kasei Group form JV for alloy wheel moulds

Minda, Kasei Group form JV for alloy wheel mould

Auto component maker Minda Industries said it had formed a joint venture (JV) with Japan’s Kasei Group to manufacture moulds for alloy wheels. The proposed name for the JV company is Kasei Minda Mould Pvt Ltd. in which Minda would hold 49.9% equity. The JV firm would be set up in Bawal, Haryana. “This is in line with the group’s strategy to invest in capability building and develop competitive edge,” Minda Industries said.PTI

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