NAGOYA (Kyodo) -- Major auto components supplier Aisin Seiki Co. said Wednesday it has established two subsidiaries to manufacture and market auto parts in India earlier this month to cash in on the burgeoning Indian auto market.
Aisin Automotive Haryana Pvt. Ltd. in the city of Rohtak on the outskirts of New Delhi is capitalized at 710 million rupees, or some 1 billion yen, while the other, Aisin Automotive Karnataka Pvt. Ltd. in the southern Indian city of Narsapur near Bangalore, at 310 million rupees, or some 460 million yen.
The Rohtak arm is also tasked with designing auto components.
Aisin Seiki has been making auto components in India since 1999.
(Mainichi Japan) December 29, 2011
(Source: http://mdn.mainichi.jp/mdnnews/business/news/20111229p2g00m0bu054000c.html)
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