India, March 6 -- Jay Bharat Maruti Limited (JBML), a leading auto-systems and assemblies manufacturer and Tier 1 supplier to Maruti Suzuki India Ltd., has increased its stake in JBM Ogihara Die-Tech (P) Ltd. (JODT) from 39% to 49%. The additional equity was acquired from joint venture partner Ogihara Thailand Co. Ltd. (OTC).
JODT, a joint venture between JBML, JBM Auto Ltd. (JBMA), and OTC, specializes in manufacturing press stamping dies, including high-tensile and critical BIW dies. With a turnover of INR 489.65 million in FY23-24, JODT plays a key role in JBML's supply chain by providing high-quality dies. The increased stake is expected to strengthen JBML's production capabilities for Maruti Suzuki India Ltd.
The technology agreement...