Auto component maker ASK Automotive Ltd on Monday (March 3) said it has signed a technical assistance and licence agreement with Kyushu Yanagawa Seiki Co Ltd (KYSK), Japan, to manufacture high-pressure die-cast alloy wheels for two-wheelers.
“…we would like to inform that ASK Automotive Limited (the company) has entered into Technical Assistance and License Agreement for Cast Wheel production with Kyushu Yanagawa Seiki Co., Ltd,” ASK Automotive said in a regulatory filing. The agreement, executed on March 3, 2025, will enable ASK Automotive to supply these products to an identified Japanese customer in India.
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Under the agreement, KYSK will provide technical assistance and knowhow, ensuring the production of high-quality alloy wheels that meet international standards. In return, ASK Automotive will pay a one-time initial royalty and running royalty as per mutually agreed terms.
“KYSK will furnish its Technical Assistance and Know-how to the Company to manufacture high-pressure die casted alloy wheels for two-wheeler (Products) for supplying such Products to identified Japanese customer (Customer),” it said,
The agreement is valid in perpetuity unless terminated and applies to the domestic Indian market. ASK Automotive expects this collaboration to enhance its manufacturing capabilities and quality standards.
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Shares of ASK Automotive Ltd ended at ₹339.55, down by ₹25.90, or 7.09%, on the BSE.
