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Motherson Group plans joint venture with Egtronics, Korea for vehicle power electronics

On June 19, Samvardhana Motherson International Limited (SAMIL) announced that its board of directors approved the execution of a joint venture agreement (JVC) with Egtronics Co. Ltd., South Korea. SAMIL will have 51% shares in JV while Egtronics will have 49%. 
The JVC will be consolidated by SAMIL. The new company ....

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