Jayant Group completes the acquisition of Victor Reinz India Pvt. Ltd., securing full ownership after purchasing an additional 51% stake for ₹635 million. The move consolidates control over the automotive components manufacturer in India. Victor Reinz specializes in seating systems and interior solutions for vehicles.
Dana Holding Corporation expands its joint venture with Jayant Group’s Indian subsidiary, Victor Reinz India (VRI), to incorporate heat exchange technologies. The agreement follows Dana’s existing partnership and aims to broaden product offerings in India’s automotive sector. The move leverages VRI’s local manufacturing capabilities and Dana’s global expertise in thermal management solutions.
Dana is deepening its collaboration with the Jayant Group through an expanded joint venture. The move strengthens Dana’s presence in India’s automotive and commercial vehicle sectors. Both companies will likely combine resources to accelerate product development and market reach.
May 2013MarkLines Automotive Industry PortalNews article