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MOTORINDIA
l
March 2012
JOST-Gigant JV for trailer axle,
suspension for Indian market
JOST, the well-known producer of
fifth wheel couplings, kingpins and
telescopic landing gear, and Gigant,
the popular German axle manufac-
turer, have entered into an agree-
ment to set up a joint venture in
India for production of a new trailer
axle specially designed for the In-
dian market at the JOST factory in
Jamshedpur. It is a 51:49 JV with
JOST India having 51 per cent and
Gigant India having 49 per cent of
the equity.
JOST was keen on expanding its
product offering by producing ax-
les and suspensions, while Gigant
was looking for a partner in India.
This led to the formation of the JV
company called JOST-Gigant Auto
Components India Pvt. Ltd. What is
interesting is that the two globally
popular companies have come to-
gether for the first time and set up
a joint venture in India for manu-
facturing trailer axles for the local
market. This clearly shows the im-
portance the two attach to the Indian
market.
Gigant, founded in 1976, is the
European specialist for market-
orientated solutions in the commer-
cial vehicle industry. The company
manufactures axle systems, air sus-
pension and leaf spring units as well
as compressed air tanks. It soon ex-
Component zone
From left, Mr. Pradeep G.S., Head - Sales & Marketing (OE and Aftermarket), Mr. Amarjeet Singh,
Director and CEO, JOST India, Mr. Peter Ormond, President Asia, JOST (Shanghai) Auto Compo-
nent Co. Ltd., and Mr. Christian Haskamp, Technical Purchase, Gigant India, at the JOST paviliion
What is interesting is that
the two globally popular
companies have come to-
gether for the first time
and set up a joint venture
in India for manufacturing
trailer axles for the local
market.