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Jamna Auto Industries inks MoU with VE Commercial Vehicles

24 May 2024 Evaluate

Jamna Auto Industries has entered into a memorandum of understanding (MoU) with VE Commercial Vehicles for supply of leaf and parabolic springs and increase in shares of business. The Board of Directors of the Company at their meeting held on May 24, 2024 has also approved the setting up of new manufacturing facility at Indore, for production of leaf and parabolic springs.

Jamna Auto Industries is India's largest, and amongst world’s third largest, manufacturer of tapered leaf springs and parabolic springs for automobiles.


Peers
Company Name CMP
SamvardhanaMotherson 164.55
Tube Investments 2573.00
Bosch 47936.15
UNO Minda 1236.15
Bombay Burmah Trdg. 1437.75
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