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ASK Automotive has entered into a joint venture pact with AISIN Group Companies to market and sell auto components for passenger cars in the independent aftermarket in India, Nepal, Sri Lanka, and Bangladesh. The pact is subject to regulatory approvals.
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.