NDR Auto Components Ltd press release
NDR Auto Components' board approved a joint venture with Korea's DYA Co., Ltd. to design, manufacture and supply automotive seats in India for Kia India and Hyundai India (reported earlier).
By ScoutQuest · · 1 min read
- Project cost
- up to INR 62.96 crore
- JV scope
- design, manufacture and supply automotive seats in India
- Target customers
- Kia India and Hyundai India
- Release
- Deal / acquisition
_Business-line figures_
📌 DYA Co., Ltd., an established seat supplier to Kia and Hyundai Motor in Korea, plans to enter the Indian market through the joint venture and will work with NDR to explore opportunities to supply Hyundai Motor and Kia in India, the release says.
📌 The joint venture will extend the NDR Group's seating business from seat frames and trims to complete seat systems and add Kia India and Hyundai India as new customers, according to the release.
📌 Formation of the joint venture is subject to execution of definitive agreements, incorporation of the joint venture company and receipt of applicable regulatory approvals.
Also from NDR Auto Components
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4 Nov 2026
Board approves MoA object clause change, fresh capex, solar SPV investment and Korea seat JV
4 Nov 2026
September quarter results, capex for two plants, DYA joint venture and postal ballot
4 Nov 2026
More numbers
- Investment/project costINR 62.96 crore
- NDR Auto Components stake in51.0%
- DYA Co., Ltd. stake in49.0%
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