NDR Auto Components Limited has entered into a 50:50 joint venture with Japan-based Hayashi Telempu, with both firms investing Rs 333 million each. The partnership aims to introduce cutting-edge automotive interior solutions, including technologies for noise, vibration and harshness (NVH) control and ambient lighting, to the Indian market. Their first order—ambient lighting systems for Toyota—will feature vehicle-mounted illumination for shift levers, headliners, and instrument panels.

Hayashi Telempu, with 2024 revenues of USD 2.1 billion, brings deep expertise in cabin comfort and product innovation, while NDR Auto leverages its established presence in the Indian auto component sector. The companies plan to eventually localise production of these offerings.

Meanwhile, Mitsu Chem Plast Limited has been honoured with the “Master of Risk – Manufacturing (Small Cap)” award at the 11th India Risk Management Awards hosted by CNBC-TV18. Recognised for its robust risk management practices in manufacturing hospital furniture components and packaging products, Mitsu received the accolade among peers from Wipro, Tata Group, Hindustan Zinc, and others. Chairman Jagdish Dedhia credited the award to the firm’s proactive approach and organisational resilience.