TRF Ltd., a Tata enterprise, has entered into an agreement with Tata Capital Ltd. and Jasper Industries Pvt. Ltd. to form a joint venture christened Adithya Automotive Applications Pvt. Ltd. TRF will hold 51 per cent of the equity in the new company and Jasper and Tata Capital will hold 29 per cent and 20 per cent respectively.
Adithya Automotive Applications has been formed with the main objective of providing end solutions through fabrication and machining for vehicles to be used as tippers, load bodies, trailers, refrigerated bodies engaged in the business of automotive applications, etc.
Adithya Automotive Applications has been formed with the main objective of providing end solutions through fabrication and machining for vehicles to be used as tippers, load bodies, trailers, refrigerated bodies engaged in the business of automotive applications, etc.
TRF is engaged in engineering and supply of material handling equipment and systems for five decades. Its subsidiary, York Transport Equipment (Asia) Pte Ltd., Singapore, is in the business of production and distribution of trailer undergears, with market presence in 27 countries and manufacturing base in Singapore, Australia and India.
