Jay Bharat Maruti Limited (JBML), a leading manufacturer of auto systems and assemblies and a Tier 1 supplier to Maruti Suzuki India Ltd., has announced an increase in its stake in JBM Ogihara Die-Tech (P) Ltd. (JODT). JBML has raised its holding from 39% to 49% through the acquisition of equity shares from its joint venture partner, Ogihara Thailand Co. Ltd. (OTC).
JODT is a joint venture of JBML, JBM Auto Ltd. (JBMA) and OTC and is in the business of manufacturing and selling press stamping dies, in particular high-tensile and critical BIW dies. The turnover of JODT for FY23-24 stood at INR 489.65 million. The business of JODT is aligned as JBML source the high-tensile and critical BIW dies from JODT. JODT adopted the technology during its association with Ogihara for manufacturing such dies. The increased stake will help JBML in enhancing its output with MSIL.
The technology agreement with OTC & its name in the company will continue for almost 2 years.
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