Tag: Anand Group

The $2-billion-plus Anand Group, which manufactures auto systems and components, on Wednesday said it has signed a joint venture (JV) with Korea’s $8.1-billion HL Group. The partnership will be called ‘HL Anand Automotive Parts Private Limited’ and will supply a range of aftermarket components for the passenger vehicle segment in domestic and international markets. Two distribution centres will be set up for the new company in the next two years, the company said in a statement.The JV will expand the aftermarket portfolio with products manufactured by Anand’s existing...