American Axle & Manufacturing forms India joint venture company
"AAM Sona Axle gives AAM a manufacturing and operations presence in India with the ability to provide current and future customers with driveline systems with the highest quality, technology and delivery that are the hallmark of AAM and Sona Koyo," said AAM Co-Founder, Chairman & CEO Richard E. Dauch. "This joint venture is further evidence of AAM's commitment to successfully deliver on our long-term strategic goals of expanding our product portfolio, served markets, customer base and global manufacturing footprint."
Sona Koyo supplies axle assemblies for Suzuki Maruti in India. In addition, Sona Koyo is India's largest manufacturer of steering systems with a market share exceeding 45 percent. Sona Koyo supplies gears, columns and rack & pinion steering (RPS) assemblies to a majority of India's passenger car and utility vehicle manufacturers. More information on the company is available on the website www.sonagroup.com