SMIL and Magneti in shock absorber partnership

VC Sehgal (L) and Eugenio Razelli (R)

India – The 50:50 joint venture has been formed after Samvardhana Motherson International (SMIL) acquired half the share capital of Magneti Marelli Shock Absorbers India. The partnership will make use of the existing Magneti Marelli manufacturing facility for shock absorbers which is located in Chakan, Pune, and is claimed to ...

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