Brakes India Limited, a 51:49 joint venture based in Padi, India, between TVS Group and a subsidiary of TRW Automotive Holdings Corp. (NYSE: TRW), that manufactures a range of foundation brake, brake actuation, electronic braking systems and ferrous castings, today celebrated its 50th anniversary Golden Jubilee.
“We are proud that Brakes India has achieved the significant milestone of completing 50 years in business,” said R. Ramanujam, chairman and managing director, Brakes India. “The journey has been interesting, challenging, and extremely fulfilling. This could not have been possible without the support and guidance from a very supportive joint venture partner in TRW and the commitment of an excellent team of dedicated and loyal employees who have made this company what it is today.”
John Plant, chairman and CEO of TRW Automotive, said “Today marks a very special occasion for one of India’s most successful joint ventures. Brakes India has grown to an annual turnover of more than $600 million US dollars during its first half-century and we look forward to further success in partnership with the TVS Group in one of the world’s fastest growing markets.”
Since its inception in 1962, Brakes India has steadily expanded its product range and manufacturing footprint and now comprises 17 manufacturing locations that includes a Foundry operation.
