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Brakes India & ADVICS join hands for advanced braking in India
The Machinist
|June 2024
BRAKES INDIA, a TSF Group company and India’s leading braking systems manufacturer together with ADVICS, an AISIN Group company and Japan’s leading premium brake system supplier, plan to form a joint venture to design, develop and manufacture advanced braking products for the Indian light vehicle market.
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The joint venture entity will focus on developing advanced braking products in a phased manner for the Indian market, of which Electronic Stability Control (ESC) will be among the initial products to be rolled out. A green field project, this JV entity will be funded by both Brakes India and ADVICS with a 51:49 shareholdings respectively. Based out of the southern part of India, the company will be set up with an investment of over Rs 500 crores employing more than 300 people over the next few years. Together, this partnership will leverage strengths of both companies across advanced global technology, localisation capabilities, quality systems, manufacturing proce
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