KIYOSU, Japan—Toyoda Gosei Co. Ltd. is establishing an automotive hose joint venture in India with Indian automotive supplier UNO Minda and Toyota Tsusho Corp, a Japanese trading company.
The JV involves the set-up of a new company, Minda TG Rubber Pvt Ltd., based in Bawal, India, about 100 miles southwest of New Delhi. It is projected to start operations in September 2015.
Minda TG Rubber will supply brake hoses and other automotive rubber hose products to automotive makers in the Indian market, Toyoda Gosei said in a statement.
Since 2011, Toyoda Gosei and Minda have been cooperating through the joint ownership of Toyoda Gosei Minda India Pvt. Ltd., which the Japanese partner established in 2008.
Toyoda Gosei Minda India produces safety systems such as airbags and sealing products such as weatherstrip.