Sansera Engineering, Japan's Nichidai Form JV for Precision Auto Components

• Sansera Engineering and Japan's Nichidai Corporation have formed a joint venture to manufacture precision auto components.
• The JV will produce precision forged and machined parts in aluminium and steel for various automotive applications, including differential assemblies and driveline components.
• A new private limited company will be incorporated in Bengaluru, India, with Sansera holding a 60% stake and Nichidai 40%.
• The proposed authorized equity share capital is ₹2 crore, with an initial paid-up capital of ₹2 lakh.
• Nichidai will exclusively supply tooling and provide technical know-how for the JV's India operations.

Why It Matters: Sansera Engineering and Nichidai Corporation have partnered to produce advanced auto components in India.