Kiyosu,Japan – Toyoda Gosei Co. Ltd is establishing an automotive hose joint venture in India with Indian automotive supplier UNO Minda (Minda) and Toyota Tsusho Corp, a Japanese trading company.
The JV involves the set-up of a new company, Minda TG Rubber Pvt Ltd (MTG), based in Bawal, Haryana, about 100 miles southwest of New Delhi. It is due to start operations in September 2015.
MTG will supply brake hoses and other automotive rubber hose products to automotive makers in the Indian market, according to an 8 Dec Toyoda Gosei announcement..
Since 2011, Toyoda Gosei and Minda have been cooperating through the joint ownership of Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), which the Japanese partner established in 2008.
TGMIN produces safety systems such as airbags and sealing products such as weatherstrip.
(Image source: Toyoda Gosei)