Toyota Boshoku Corporation, a leading manufacturer of automotive interior systems, announced today, Oct. 24, that it has reached an agreement to establish a joint sales venture with Relan Group of Industries, an automotive components supplier that makes seats and other components in India.
With the aim to strengthen its sales structure and expand business in the Indian market, the Toyota Boshoku group has established a joint sales venture, Toyota Boshoku Relan India Private Limited.
In 2012, Toyota Boshoku and Relan Group agreed to combine their collective strengths to expand their seat and interior component business in India by tapping Toyota Boshoku’s global R&D power and manufacturing with Relan Group’s sales and purchasing strengths.
Toyota Boshoku’s technical operations will support sales activities to realize assessment of customers and their needs in the Indian market.
Toyota Boshoku’s management hub for the Asia & Oceania region, Toyota Boshoku Asia Co., Ltd., and Relan Group’s automotive components company, Sharda Motor Industries Limited will invest equally in the joint venture.
Toyota Boshoku has been doing business in India since it set up its subsidiary Toyota Boshoku Automotive India Private Limited in 1998. The company’s 800 employees produce seats, door trim, air cleaners and other automotive components.
Toyota Boshoku Relan India Private Limited is slated to be established in Pune City of Maharashtra state, India in November 2013.
In the picture above (from left to right): Sharda Motor Industries Limited Director Mr. Rohit Relan, Toyota Boshoku Corporation President Dr. Shuhei Toyoda, Toyota Boshoku Asia Co., Ltd. CEO Mr. Shozo Ishikawa