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

Company Profile

■URL

https://www.jtekt.co.in/

■Address

38/6, Delhi-Jaipur Road, NH-8, Gurgaon 122001, Haryana, 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.

- Its biggest client is Maruti Suzuki India. Sales to Maruti Suzuki India account for 50%-60% of the company's overall sales.

-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, Constant Velocity Joints, Column type Electric Power Steering & Others
JTEKT Bearings India Pvt. Ltd	Manufactures Hub, Tapered Roller Bearings and Single Ball Bearings
JTEKT Micromatic Machinery India Pvt. Ltd.	Provides Sales and Service for machine tools

Shareholders

-Listed on Bombay Stock Exchange and National Stock Exchange of India.

(As of Mar. 31, 2024)

Category	Shareholding Ratio (%)
JTEKT Corporation	65.70
Maruti Suzuki India Limited	5.43
Nippon Life India Trustee Ltd – A/c Nippon India Small CAP Fund	5.67
Others	23.2
Total	100.00

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Products

JTEKT India Limited

Rack and Pinion Steering systems
Hydraulic Power Steering
Driveline products
Constant Velocity Joints
Column type Electric Power Steering

JTEKT Bearings India Private Limited

Hub Roller Bearings
Tapered Roller Bearings
Single Ball Bearings

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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
Jul. 2022	JTEKT India announced merger of JTEKT Fuji Kiko Automotive India