In anticipation of increase levels of offshore automobile production on the part of Japanese OEMs, diversified Tier I manufacturer and Toyota group affiliate Aisin Seiki (Toyota, Japan) is establishing two new parts manufacturing subsidiaries in India. Aisin Automotive Haryana Private Limited (Rohtak) and Aisin Automotive Karnataka Private Limited (Narasapur) will serve automakers in Northern India and Southern India, respectively, and join existing manufacturing subsidiary Aisin NTTF Private Limited (Bangalore).
Aisin boosting overseas production of sunroofs and other car parts to serve expanding local and Japanese automaker production.
The new joint company with Hsin Chong Machinery will take over the Sunroof Production Division of Wuxi Mingfang, a subsidiary of Hsin Chong Machinery in Wuxi City, and start manufacturing sunroofs for local automotive makers nex year. Sales of approximately 2.5 billion yen ($32.1 million) are planned for 2015.-[email protected]