JTEKT India Ltd.
Mcap: ₹ 2,689 Cr
Co is engaged in the business of manufacturing steering systems & other auto components for the passenger car & utility vehicle manufacturers in the automobile sector.
Mcap: ₹ 2,689 Cr
Co is engaged in the business of manufacturing steering systems & other auto components for the passenger car & utility vehicle manufacturers in the automobile sector.
The product portfolio of the Co includes High-performance Rack & Pinion Manual Steering Gear, Hydraulic Power Steering System, Tilt & telescopic steering column, intermediate shaft, Electric Power Assist Module, Rear Axle Assembly & other products.
Co has a leading position in the steering system segment in India with a strong presence in manual steering gears, electronic & hydraulic power steering systems.
Co has a high share of business with several PV OEMs in the steering segment. It has a SoB of
Co has a high share of business with several PV OEMs in the steering segment. It has a SoB of
55% with the market leader Maruti Suzuki & SoB of 100% with Toyota as JTEKT Corporation (parent) is a part of Toyota Group.
Co generated ~90% of revenues from the PV sector in automobile industry which exposes it to various demand trends of the sector.
Co generated ~90% of revenues from the PV sector in automobile industry which exposes it to various demand trends of the sector.
Co's customers include Maruti Suzuki, Toyota, Tata Motors, Mahindra, General Motors, Fiat India, Isuzu Motors, Honda, Renault, Nissan etc.
Co owns & operates 8 manufacturing plants across India. It owns plants in Gurugram, Dharuhera, Chennai, Sanand & Bawal.
Co owns & operates 8 manufacturing plants across India. It owns plants in Gurugram, Dharuhera, Chennai, Sanand & Bawal.
Co receives marketing & technical support from its parent JTEKT Corp which is a leading manufacturer of steering systems & driveline products globally.
Co faces stiff competition from other steering system manufacturers & has lost business in a few key models of cars in the past
Co faces stiff competition from other steering system manufacturers & has lost business in a few key models of cars in the past
Increasing competition in the steering systems market has made the co lose business of its key customer Maruti Suzuki.
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