 "SKSSL plant")
Japan's JTEKT Corporation has acquired Sona Autocomp Holding Limited's (SAHL) 25.12 percent stake in their JV, Sona Koyo Steering Systems Limited (SKSSL), for about Rs 419.28 crores. Besides, JTEKT and SAHL, Maruti Suzuki India also owns 6.94 percent stake in SKSSL.
Sona Koyo and JTEKT came together in 1985 to start production of steering in India. While JTEKT has a technical assistance agreement with SKSSL for steering parts, it also sells semi-processed products and parts to SKSSL. Sona Koyo Steering Systems Limited, the flagship company of the auto component maker Sona Group, is currently the largest manufacturer of steering systems for
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