Magneti Marelli and Samvardhana Motherson sign joint venture agreement in India  [ India ]

Magneti Marelli Holding S.p.A. and Samvardhana Motherson International Ltd. (SMIL) have signed a Joint Venture (JV) agreement in the field of shock absorbers for the automotive sector. SMIL will enter the JV through the acquisition of a stake representing the 50% of the share capital of "Magneti Marelli Shock Absorbers India Private Limited", Magneti Marelli-owned company devoted to the shock a...