ANAND Group sets up new JV, merges two Joyson Safety Systems JVs
Published On: 11th June, 2019
Leading Tier 1 supplier ANAND Group, in a measure to consolidat its presence in the Indian automotive safety systems industry, has announced the formation of a tri-party joint venture to merge the two JVs of Joyson Safety Systems (JSS) in India. KSS Abhishek Safety Systems (KSSA), a JSS JV with Abhishek Group, is being merged with Takata India (TIPL), a JV between the ANAND Group and JSS. The new JV is to be called Joyson ANAND Abhishek Safety Systems.