Michigan (US) based Adient, a
global leader in automotive seating which produces and delivers automotive
seating for all vehicle classes and all major OEMs has formed a joint venture
with India’s Arvind Ltd, one of the
world’s largest textile-to-retail conglomerates, to develop, manufacture and
sell automotive fabrics in India.
The joint venture company, Adient
Arvind Automotive Fabrics, which will be based in Ahmedabad in the Indian state
of Gujarat, India, will manufacture high-end performance fabrics for automotive
seating systems at a world-class fabric manufacturing facility.
Adient is the majority
stakeholder in the new company with a 50.5 percent share and expects the joint
venture to be included in its consolidated financial statements. Arvind and
Adient will each have representation on the board of directors of Adient Arvind
The joint venture will benefit
from synergies between Adient and Arvind, each bringing industry-leading
technology and design capabilities in their respective fields. Working closely
with its customers on long-term product road maps, the new company will provide
Indian and global automakers with unrivalled product quality and innovative
solutions in fabrics, enabling them to deliver new levels of comfort, aesthetic
variety and design versatility to end users in India.
“Adient is committed to
delivering new value to our customers while enhancing our fabrics product
portfolio through continuing advancements. This partnership with Arvind Limited
gives us an exciting opportunity to do just that in India’s rapidly growing
automotive market,” said Jef Vercammen, vice president, Global Fabrics at
“Combining Adient’s global
fabrics design and technological resources with Arvind’s extensive
manufacturing capabilities will enable us to accelerate the pace at which we
bring innovative automotive fabrics products to market in India,” he noted.
“We are transforming our
business quickly through technologies and partnerships that enable us to
explore and create new opportunities across our business divisions. One of our
key pillars is to extend textile manufacturing into newer frontiers outside of
fashion and into various spaces like human protection, construction and
transport. This partnership is a watershed moment in this journey. The partnership will leverage Adient’s market
presence and automotive expertise with Arvind’s textile manufacturing
capabilities to provide customers superior and high-quality automotive seating
solutions,” said Punit Lalbhai, executive director, Arvind Limited.
“We are delighted to be
partnering with Arvind, a well-respected leader in the textiles industry with a
long history of manufacturing excellence, from yarn production through to
innovative textile products,” said Murali Rajagopalan, director and country manager,
Adient India, adding that “Through this collaboration Adient will gain a strong
position from which to serve our Indian and global customers and ultimately
offer more value to consumers in India.”
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