# ASK Automotive approves joint venture with AISIN Group for aftermarket parts

ASK Automotive's board approved a joint venture with Aisin Asia (Thailand) and AISIN Automotive Haryana to market and sell independent aftermarket parts for passenger cars. ASK Automotive will own 51% and invest up to INR 10.71 crore, with the JV becoming its subsidiary.

- Type: Acquisition
- Announced: 2024-04-24
- Where: India
- Value: $129K (10.7M INR)
- Status: announced
- Products: independent aftermarket parts for passenger cars
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ASK Automotive](https://endata.com/companies/28663.md)
- [Aisin Asia (Thailand)](https://endata.com/companies/76997.md) (partner)
- [AISIN Automotive Haryana](https://endata.com/companies/76998.md) (partner)

## Sources

- [capitalmarket.com](https://www.capitalmarket.com/markets/news/corporate-news/board-of-ask-automotive-approves-jv-with-aisin-group-companies-/1503143), 2024-04-24: "The Board of ASK Automotive at its meeting held on 24 April 2024 has granted their approval for entering into a joint venture with Aisin Asia (Thailand) Company, Thailand (AA-T) and AISIN Automotive Haryana, India, (AHL) (AA-T and AHL collectively referred to as AISIN Group Companies), for marketing"
- [capitalmarket.com](https://www.capitalmarket.com/markets/news/hot-pursuit-news/board-of-ask-automotive-approves-jv-with-aisin-group-companies/1503143), 2024-04-24: "The Board of ASK Automotive at its meeting held on 24 April 2024 has granted their approval for entering into a joint venture with Aisin Asia (Thailand) Company, Thailand (AA-T) and AISIN Automotive Haryana, India, (AHL)."

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