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Business Upturn
14 hours ago
- Automotive
- Business Upturn
ASK Automotive enters JV with Germany's TDH to manufacture sunroof control cables for passenger vehicles
By Aman Shukla Published on June 26, 2025, 15:33 IST ASK Automotive Limited has officially entered into a Joint Venture Agreement (JVA) with Germany-based T.D. Holding GMBH (TDH) for the production and marketing of sunroof control cables and helix cables for passenger vehicles. This move follows board approval on June 25, 2025, and marks a strategic collaboration to tap into the growing demand for advanced automotive components in India. The new joint venture company (JV Co.), to be incorporated in India, will focus on supplying these specialized components to OEMs, Original Equipment Suppliers, and Tier 1 suppliers in the Indian automotive market. Under the agreement, TDH will hold a 51% stake in the JV Co., while ASK will own 49%. The board of directors for the JV Co. will comprise five members, with ASK nominating two and TDH three. TDH will also contribute its technical expertise and manufacturing know-how to the venture, ensuring global-quality standards in product development. Both parties have confirmed there are no related party concerns or conflicts of interest, although two directors will be common to both ASK and the JV Co. This partnership reflects ASK Automotive's commitment to expanding its product offerings and deepening its presence in the high-precision component segment, especially for the evolving needs of India's passenger vehicle industry. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
20 hours ago
- Automotive
- Business Upturn
ASK Automotive shares jump over 4% today after board approves joint venture with T.D. Holding for sunroof control cables
By Aditya Bhagchandani Published on June 26, 2025, 09:26 IST Shares of ASK Automotive surged over 4% on Wednesday, June 26, hitting ₹521.50 on the NSE following a key corporate announcement. The company informed exchanges that its board has approved entering into a joint venture with Germany-based T.D. Holding GMBH to manufacture, market, and sell sunroof control cables and helix cables for passenger vehicles. As per the filing, ASK Automotive will hold a 49% stake in the new Joint Venture Company (JV Co.), investing up to ₹2.45 crore in one or more tranches. An initial infusion of ₹49 lakh will be made at the time of incorporation of the JV Co., with the remaining 51% stake to be owned by T.D. Holding. The move reflects ASK Automotive's strategic aim to diversify into emerging automotive component segments. The company will make further detailed disclosures after signing the joint venture agreement (JVA), as required under SEBI regulations. At 9:24 AM, ASK Automotive shares were trading 4.11% higher at ₹521.50. The stock's 52-week range stands between ₹333.30 and ₹525. Market capitalization is currently around ₹10,288 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
