# ASK Automotive and FRAS-LE S.A. sign JV agreement in India

ASK Automotive Ltd. 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 plans to invest more than 1 billion rupees over three years.

- Type: Partnership
- Announced: 2020-12-09
- Where: India, 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

- [askfras-le.com](https://askfras-le.com/news-events/brief-ask-automotive-signs-deal-with-fras-le-s-a-to-establish-jv-in-india/), 2020-12-09: "ASK Automotive Ltd., a leading manufacturer of friction materials in India with a group turnover of more than 220 million USD, and FRAS-LE S.A. (a Randon Company), a leading manufacturer of friction material with revenue of more than 380 million USD and shares traded on the stock exchange (BOVESPA F"

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