This collaboration is an extension of SKH's two-decade history of international partnerships with industry leaders from countries like Spain, Italy, Japan, and Canada. By joining forces, SKH and Magna intend to drive innovation in Chassis and Body-in-White (BIW) Systems. The partnership seeks to enhance product offerings, expand market reach, and push technological advancements in the automotive industry.
Sunandan Kapur, Vice-Chairman of Krishna Group, expressed his enthusiasm about the alliance: "At SKH, we have always strived to be at the forefront of innovation and excellence in the automotive industry. This alliance with Magna for body and chassis operations in India is a testament to our commitment to pushing boundaries and creating value for our customers. It represents not just a step forward for our Metals Division, but a leap towards realizing our group's vision of being a global leader in automotive solutions."
John O’Hara, President of Cosma International, shared similar sentiments: "We are thrilled to partner with SKH, a company that shares our commitment to innovation and excellence. This alliance allows us to combine our technological expertise with SKH's strong manufacturing capabilities and market presence in India. Together, we're poised to deliver cutting-edge solutions that will shape the future of the automotive industry."
Manish Gupta, Head of Strategy and Marketing at SKH, also highlighted the benefits of this alliance: "This strategic alliance represents a significant step in SKH's growth, enhancing our capabilities in advanced chassis and BIW Systems. We are excited to synergize our best practices with Magna's operational excellence, delivering the best of both worlds to our customers."
The partnership will focus on several key areas. Innovation and technological advancement will be at the forefront, with the development of next-generation chassis and BIW systems. Both companies are committed to Industry 4.0 compliance and advanced manufacturing processes. Sustainability is another significant focus, as both firms aim to implement Environmental, Social, and Governance (ESG) initiatives, emphasizing energy-efficient solutions. The alliance also seeks to take a customer-centric approach by aiming to exceed customer expectations with state-of-the-art systems that improve vehicle performance and safety.
Market expansion is another goal, as the collaboration aims to strengthen SKH’s presence in India and reinforce its position as a leader in the automotive industry. The alliance aligns perfectly with SKH's core values of ownership, respect, fairness, and transparency, which complement Magna's values of thinking big, never settling, being collaborative, and taking responsibility.
Ashok Kapur, Chairman of Krishna Group, expressed his pride in the new partnership: "I am immensely proud of the strategic vision and relentless effort shown by the SKH team under the leadership of my son, Sunandan Kapur, in forging this transformative alliance with Magna. This partnership is a significant step towards realizing our group's vision of making a significant impact and contribution to the Indian automotive sector."
Overall, this strategic alliance between SKH and Magna International Inc. aims to push the boundaries of innovation, sustainability, and customer satisfaction in the automotive components sector, specifically in Body and Chassis operations in India.
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