Jamna Auto Industries has accepted the proposal of NHK Springs Co, Japan to purchase Company's 5.39% stake in JV Company i.e., NHK Springs India. at a consideration of Rs. 25.50 Crores. The board of company at its meeting held on March 26, 2013 has approved for the same
Jamna Auto is the largest manufacturer of tapered leaf springs and parabolic springs for commercial vehicles in India and is the number one supplier to Tata Motors (TML) and Ashok Leyland (ALL), the two major commercial vehicle manufacturers in Indian market for over 54 years. The company is also the largest spring manufacturer in the world.
