Italian auto major Fiat SpA's
component arm Magneti Marelli has signed two 50:50 joint venture (JV) agreements
with SKH Metal and SKH Sheet Metal Components, both part of the Krishna group,
to manufacture automobile exhaust systems.
The JV with SKH Metal will have a
manufacturing facility at the Maruti Suzuki Industrial Suppliers Park at Manesar
in Haryana. The exhaust system components designed, produced, assembled and
tested in the Manesar facility will be used in the production of vehicles for
Maruti Suzuki India (MSIL) and Suzuki Motor firms.
The venture with SKH Sheet Metal will
be located in the auto cluster at Pune. It will design and produce exhaust
systems for Fiat, Tata and other automotive customers from the region.