JTEKT India Limited (Formerly Sona Koyo Steering Systems Ltd.)

Company Profile

■URL

http://www.jtekt.co.in/

■Address

38/6, Delhi-Jaipur Road, NH-8, Gurgaon 12001, India

Business Overview

-The Company is a subsidiary of JTEKT Corporation Japan and operates as part of JTEKT Group India. 

-The Company is India's largest manufacturer of steering systems for passenger cars, utility vehicles, and light commercial vehicles.

-JTEKT has a 69% share in the Company. Another major shareholder is Maruti Suzuki India with 5%.

-To become part of JTEKT Group, the name of the Company was changed from Sona Koyo Steering Systems Limited to JTEKT India Limited on April 7, 2018.

-JTEKT Group India is present across four major product technologies: Steering systems, Bearings, Driveline components and Machine tools. Under the banner of ONE JTEKT, following companies are a part of JTEKT Group India

Company Name Main Product
JTEKT India Limited Manufactures Rack and Pinion Steering systems for manual, Hydraulic Power Steering, Driveline products & Others
JTEKT SONA Automotive India Limited Manufactures Column type Electric Power Steering which is a next generation technology for Automobiles
JTEKT Fuji Kiko Automotive India Limited Manufactures Jacket Assembly for CEPS and Manual Columns
Koyo Bearing India Private Limited Manufactures Hub, Tapered Roller Bearings and Single Ball Bearings
Toyoda Micromatic Machinery India Ltd. Provides Sales and Service for machine tools

Shareholders

-Listed on Bombay Stock Exchange and National Stock Exchange of India. (As of Mar. 31, 2021)
Category Shareholding Ratio (%)
JTEKT CORPORATION 69.36
MARUTI SUZUKI INDIA LTD 5.64
Others 25.00
Total 100.00

Products

JTEKT India Limited

  • Rack and Pinion Steering systems
  • Hydraulic Power Steering
  • Driveline products
  • Column type Electric Power Steering

JTEKT Fuji Kiko Automotive Limited

  • Jacket Assembly for CEPS
  • Manual Columns

Koyo Bearing India Private Limited

  • Hub Roller Bearings
  • Tapered Roller Bearings
  • Single Ball Bearings

History

Jan. 1985 Technical Collaboration Agreement with Koyo Seiko (presently JTEKT), Japan for manufacturing.
Feb. 1986 Entered a JV agreement with Maruti Udyog Ltd. (presently Maruti Suzuki)
Oct. 1987 Commenced production of manual steering gear and manual steering column.
May 1988 Listed through an IPO.
Jul. 1992 Koyo Seiko (presently JTEKT) acquired 8% stake in the Company.
Aug. 1994 Certified as an approved vendor to Koyo Seiko (presently JTEKT).
Jul. 1996 Started production of hydraulic power steering gear.
May 1997 Koyo Seiko (presently JTEKT) increases stake to 20.5%.
Dec. 1998 Established plant in Chennai
Oct. 1998 Sona Steering name changed to Sona Koyo Steering Systems Ltd.
Oct. 2003 Established Export Oriented Unit (EOU) in Chennai.
Oct. 2004 Acquired 21% stake in Fuji Autotech France.
Mar. 2006 Started production of column-type electric power steering.
Feb. 2007 Established plant at Dharuhera, Haryana.
2011 Sold AAM Sona Axle Private Limited to American Axle & Manufacturing.
2012 Acquired remaining 30.08% stake of Sona Stampings Limited (SSL) from Arjan Auto Private Limited, making SSL a wholly-owned subsidiary of the Company.
Nov. 2013 Divested entire holding of joint venture Fuji Autotech Europe S.A.S. to its joint venture partner, Fuji Kiko Europe S.A.S. for EUR 7.75 million.
Oct-16 Sona Koyo steering announced new plant in Gujarat with INR 850 million investment
May-17 JTEKT Corporation (JTEKT) acquired 25.12% stake in Sona Koyo Steering
Jun-17 JTEKT Corporation (JTEKT) acquired 25.23% stake in Sona Koyo Steering
Apr. 2018 Name changed from Sona Koyo Steering Systems Limited to JTEKT India Limited

Supplemental Information 1