# ASK Automotive and Fras-Le S.A. form joint venture in India

ASK Automotive and Fras-Le S.A. signed an agreement to establish a joint venture in India for production of brake pads and linings for commercial vehicles, with planned investment of over 1 billion rupees over three years.

- Type: Partnership
- Announced: 2017-12-07
- Where: India
- Value: $15.6M (1.00B INR)
- Status: announced
- Products: brake pads, brake linings for commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fras-le](https://endata.com/companies/20659.md) (partner)
- [ASK Automotive](https://endata.com/companies/28663.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/article/business/ask-automotive-signs-deal-with-fras-le-s-a-to-establish-jv-in-india-idUSFWN1O70FO/), 2017-12-07: "ASK Automotive (P) Ltd signs Joint Venture with Fras-le, Brazil"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.