ANAND Group forms JV with Joyson Safety Systems
Published On: 11th June, 2019
ANAND Group, a leading manufacturer of automotive components in India, has further consolidated its presence in the Indian automotive safety systems vertical. It announced the formation of a tri-party joint venture to merge the two joint ventures of Joyson Safety Systems (JSS) in India. KSS Abhishek Safety Systems Pvt Ltd (KSSA) which is a joint venture of JSS with Abhishek Group is being merged with Takata India Pvt Ltd (TIPL). TIPL is a joint venture between ANAND Group and JSS. The new tri party joint venture will be called Joyson ANAND Abhishek Safety Systems Pvt Ltd (JAASS).