Sharda Motors Industries’ Joint Venture (JV) partner -- Eberspaecher Exhaust Technology International GmbH (EET) has bought 50% share i.e. 5,000 shares of Rs 10 each in Exhaust Technology (ETPL), accordingly the ETPL becomes the JV Company of EET and Sharda Motor Industries.
Earlier, the company had purchased its 50% share i.e. 5,000 shares of Rs 10 each in the proposed JV Company i.e. ETPL.
Sharda Motor Industries was incorporated in 1986. It manufactures automotive components and metal parts, exhaust system components, fabric automotive upholstry products.
