What we do JTEKT India Limited manufactures steering and driveline systems for passenger and utility vehicles, serving major Indian and global automakers with advanced automotive components. |
Founded in 1,984 |
Market share Market leader in steering systems in India with over 50% volume share and significant presence in hydraulic and manual systems. |
Problem solved Provides reliable, advanced steering and driveline components enhancing vehicle safety, drivability, and efficiency for passenger and utility vehicles. |
Top clients or who we serve B2B supplier to major automotive OEMs including Maruti Suzuki, Toyota, Tata Motors, Mahindra & Mahindra, Renault-Nissan, Honda, and Isuzu. |
Key management Minoru Sugisawa (Chairman & Managing Director), Rajiv Chanana (Director & CFO), Saurabh Agrawal (Company Secretary). |
Our journey and innovations Founded in 1984, it evolved through collaborations with Japanese and Korean firms; pioneered power steering systems and expanded capacities with joint ventures and new product launches. |
Where we operate Primarily India with manufacturing plants in Tamil Nadu, Haryana, Uttarakhand; sales presence also in USA, France, and Japan. |
Top products or what we offer Steering gears, hydraulic power steering, manual rack & pinion steering, collapsible and tilt steering columns, rear axle assemblies, and CV joints. |
Top brands JTEKT Steering Systems (Industry leader in India), Electric Power Steering (C-EPS), Drive Shaft (CVJ) - recent launch. |
Raw materials needed Steel, metals for automotive components, precision machining tools and electronic parts for power steering systems. |
Raw materials supplier Suppliers vetted per industry standards; specific suppliers not disclosed. |
Recurring vs cyclical contribution Revenue is largely recurring through long-term supply contracts with OEMs but subject to automotive industry cyclicality. |
Our industry position One of the top steering system manufacturers in India with strong OEM partnerships; subsidiary of JTEKT Corporation, Japan enhancing technology edge. |
Financial highlights FY24 revenue ₹2409 crore with net profit ₹75 crore; witnessed 7% revenue growth; EBITDA margin at 6.3%. |
Geographical revenue split Majority from India (~96%), with small contributions from USA, Japan, and France. |
Order book - |
Whats driving growth New product launches like drive shafts, increased OEM demand, capacity expansion, and technology upgrades. |
Our future plans Focus on capacity enhancement, new product development, and integration of subsidiaries. |
Our green promise Committed to sustainability through efficient manufacturing and CSR activities in education, healthcare, and rural development. |
Our people and values Diverse workforce across 7 plants; emphasis on lean manufacturing, employee skills development, and ethical governance. |
Key challenges ahead Raw material cost volatility, automotive market fluctuations, innovation demands, and competition. |
Interesting facts Started as Sona Koyo, evolved through JV with JTEKT Japan; first in India for many steering technologies. |
Risks and strategy Mitigates supply chain risks with multiple vendors; invests in R&D and lean manufacturing to sustain competitiveness. |
