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Setco Automotive enters into JV with Lingotes

02 May 2014 Evaluate

Setco Automotive and Lingotes Especiales S.A. (Lingotes) have entered into the formation of Rs 155 crore Joint Venture (JV) on May 01, 2014 called Lava cast focused on developing and manufacturing fully machined ferrous casting products for the automotive & other industries.

Setco Automotive is a premier manufacturer of clutch products for the Automotive and hydraulic products for Construction Equipment Industry. In addition Setco also manufactures precision engineering components like complex and deep drawn pressings and forgings and castings that are machined and heat treated.

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Company Name CMP
SamvardhanaMotherson 157.50
Tube Investments 2338.60
Bosch 45599.85
UNO Minda 1115.00
Bombay Burmah Trdg. 1334.15
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