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Pricol sells 49% in Denso Pricol India for Rs 20 crore

The JV supplies instrument clusters to passenger car and utility vehicles manufactred by Toyota and Maruti

BS Reporter  |  Chennai 

Automotive parts and components manufacturer Ltd has sold its 49% shares in its joint venture with Japan-based Denso Corporation, Denso India Private Limited, for a consideration of Rs 20 crore.

The company said that it has signed a share purchase and JV termination agreement on Tuesday, with Denso Corporation. The JV supplies instrument clusters to passenger car and utility vehicles manufactred by automobile majors like Toyota Kirloskar Motors Ltd and Maruti Suzuki India Ltd, according to the annual report of the company for the year ended March, 2014.

First Published: Tue, March 17 2015. 16:08 IST
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