BSECompany Update6d ago · 4 Nov 2026, 01:38 pm
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NDR Auto Components Ltd · 543214
✦ AI Summary▲ PositiveJoint Venture
NDR Auto Components Ltd has announced the formation of a joint venture with Korea's DYA Co Ltd to manufacture automotive seats in India, with an investment of up to INR 62.96 crore. The joint venture will cater to Kia India and Hyundai India, and NDR Auto Components will hold 51% of the share capital.
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Governance Concern1/10
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Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
NDR Auto Components Ltd - 543214 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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NDR AUTO COMPONENTS LIMITED
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015
CIN: L29304DL2019PLC347460 Website: www.ndrauto.com
Email id: contact@nacl.co.in Phone No.: 9643339870-74
November 04, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department Exchange Plaza, Plot No. C/1, G-Block,
PJ Towers, Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai – 400 051.
Scrip Code: 543214 Trading Symbol: NDRAUTO
Sub: Press Release
Dear Sir/Madam,
Please find enclosed herewith as Annexure – A, a copy of the press release being issued today. Kindly
take the same on your record.
Thanking You,
For NDR AUTO COMPONENTS LIMITED
Rajat Bhandari
Executive Director and Company Secretary
DIN: 02154950
Enclosed: as above
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI
Airport, New Delhi 110037 Tel.: +91 011-6654 4976
NDR Auto Components Limited
PRESS RELEASE Date: 04-11-2026
NDR Auto Components to form Joint Venture with Korea’s
DYA Co Limited to manufacture automotive seats in India
-JV to cater to Kia India and Hyundai India-
Gurugram, India – November 4, 2026_: NDR Auto Components Limited (BSE: 543214, NSE:
NDRAUTO) the flagship company of the NDR Group engaged in the business of
manufacturing automotive seating solutions, today announced that its Board of Directors
has approved the formation of a joint venture with DYA Co., Ltd. (KRX: 002880;) ("DYA"), a
leading Korean manufacturer of automotive seats, and an investment/project cost of upto
INR 62.96 crore in the joint venture, to design, manufacture and supply automotive seats and
seat systems in India, for Kia India Hyundai India. The Company will sign a Joint Venture
Agreement with DYA setting out the terms of the partnership.
The joint venture company will be incorporated in India. NDR Auto Components will hold
51.0% and DYA will hold 49.0% of its share capital, and the joint venture’s financial results
will be consolidated into NDR Auto Components’ financial statements. Further details of the
joint venture will be announced upon incorporation and execution of the definitive
agreements.
The joint venture will combine NDR Auto Components’ seat component manufacturing
capabilities in India with DYA’s expertise in the design and manufacture of complete
automotive seat systems, to serve Kia India and Hyundai India.
DYA is an established seat supplier to Kia and Hyundai Motor in Korea. The Company is and
is highly regarded for its design and manufacturing capabilities and quality competitiveness.
reflected in the achievement of Hyundai–Kia’s five-star quality rating. Through the joint
venture, DYA plans to enter the Indian market and work with NDR to explore opportunities to
supply to Hyundai Motor and Kia in India. The joint venture will enable the NDR Group to add
Kia India and Hyundai India as new customers and to extend its seating business from seat
frames and trims to complete seat systems.
Completion and disclosure
The formation of the joint venture is subject to execution of the definitive agreements,
incorporation of the joint venture company and receipt of applicable regulatory approvals.
The Company has made the requisite disclosure to BSE Limited and the National Stock
Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, which is available on the websites of the stock exchanges
and of the Company at www.ndrauto.com.
About NDR Auto Components Limited
NDR Auto Components Limited is the flagship company of the NDR Group engaged in the
business of manufacturing automotive seating solutions, whose origins date back to the
1980s. The Company manufactures seat frames, seat trims and body-in-white components
for passenger and utility vehicles and two-wheelers. NDR Auto Components reported
revenue of INR 827.40 crore in FY 2025-26. The Company is listed on BSE and NSE. For more
information, visit www.ndrauto.com.
About DYA Co., Ltd.
DYA Co., Ltd. () is a manufacturer of automotive seats headquartered in Gwangju, Republic
of Korea, and listed on the Korea Exchange (KRX: 002880). The company began
manufacturing automotive seats in Gwangju in 1999. It designs and produces complete seat
systems for Hyundai Motor Group, supplying the entire domestic seat volume for internal
combustion engine models such as the Kia Sportage and Seltos and electric vehicle models
such as the EV5 and PV5, and in 2023 commissioned a dedicated electric-vehicle seat line
at its Hwaseong plant for Kia’s mid-size electric SUV. In 2026, the company plans to establish
new plants in Inju and Ulsan to manufacture seats and Pu foam pad for new vehicle models,
including the PV7 and the successor to the Kona. Its Gwangju and Hwaseong plants have a
combined capacity of about 660,000 seats a year based on 2025 figures. DYA employs about
503 people as of November 2, 2026, and recorded consolidated revenue of KRW 633.3 billion
in 2025. For more information, visit www.dy-a.co.kr.
For more information about us, please visit www.ndrauto.com or contact:
Gavin Desa / Konpal Pali
CDR India
Tel: +91 98206 37649 / +91 76619 08341
Email: gavin@cdr-india.com / konpal@cdr-india.com
Forward-looking statements
This press release may contain forward-looking statements regarding the proposed joint
venture. Such statements are subject to risks and uncertainties, including receipt of
regulatory approvals and market conditions, and actual outcomes may differ materially.
Information about DYA Co., Ltd. is based on publicly available information. This release is
issued in compliance with the Company’s disclosure obligations and is not an offer to sell or
a solicitation of an offer to buy any securities.