Following the history to be the best we are pleased to announce that MK group is coming up with a world class setup in Faridabad (Haryana) in Joint Venture with Chongqing Leade Industry Manufacture Company Ltd, the Largest Clutch Assy. Manufacturer in China. The LIDE group is producing 8 million clutch assemblies per annum for the Chinese two wheeler and three wheeler OEM’s. The Company is known for the best quality and unmatched services for which they are awarded by all the Major OEM’s every year as number one. The Group has 9 production lines under TPS (Toyota production system) with the world class state of art machinery and equipment. In India we are setting up the best out of what is being followed in China by our Partner and will retain our commitment to provide the best quality product and services to our OEM Customers. MK Group is delighted to now offer its existing clients the truly complete range of services via this new joint venture company and is equally looking forward to developing new relationships with the extended client base.
Mr. Vijay Kumar Bhandari, chairman of MK Auto Group and Mr. Chen Peixin, chairman of Chongqing Lide Industry Manufacture Co., Ltd, signed the joint venture agreement on setting up a new plant in Haryana (India). The agreement was signed at 14:00 p.m, on September 20, 2012 in Gurgaon, India. This new joint venture company is named MK LIDE Auto Clutch Industries Private Limited, specialized in motorcycle clutch and CVTs’. This signing ceremony opens a new chapter in MK’s history.
During 1 year’s communication with each other, both the two parties visited and investigated Indian market many times. LIDE, on the advantage of low cost with high quality technology and sophisticated TPS management, and MK Auto Group, on the advantage of its high quality friction materials, hold their hands together, aiming to be the most excellent motorcycle clutch manufacturer among the Indian clutch making companies.
Setting up a joint venture company in India is a milestone for MK as it will help in opening the domestic as well as international market. It is an opportunity as well as a challenge; it is the pride of our company as well as the responsibility of our employees.