# Minda Industries and Kasei Group form joint venture for wheel moulds in Bawal

Minda Industries announced a joint venture with Japan's Kasei Group to make alloy wheel moulds in Bawal, Haryana, with an initial investment of Rs 25.5 crore. Minda holds 49.9% equity.

- Type: Investment
- Announced: 2018-07-16
- Where: Bawal, Haryana, India
- Value: $3.50M (255.0M INR)
- Status: announced
- Products: alloy wheel moulds
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Minda Industries](https://endata.com/companies/23875.md) (partner)
- [Kasei Group](https://endata.com/companies/33148.md) (partner)

## Sources

- [vccircle.com](https://www.vccircle.com/minda-to-acquire-germanys-isys-sets-up-wheel-making-jv-with-japans-kasei), 2018-07-16: "The venture will have an initial investment of Rs 25.5 crore, with Minda holding 49.9% equity and Kasei Group the rest 50.1%."

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