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Home > Forum > Coimbatore > Real estate News > details about pricol exiting denso jv in Coimbatore

details about pricol exiting denso jv in Coimbatore

Q: I heard a rumour that Pricol has exited from Denso JV, and i wanted to ask around if this is true? Please help me!

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Replies (4)
1
The JV envisaged total buyout of Pricol by Denso in five years and involved transfer by Pricol, of its 'Denso Technology Instrument Cluster Undertaking' relating to four-wheeler personal passenger vehicles, situated at Coimbatore and Gurgaon to Pricol Components, a wholly-owned subsidiary of Pricol. Denso acquired 51% stake in Pricol Components after the transfer.
Archana Ramachandran


2
Yeah, DPIN, which had revenues of around Rs 70 crore in 2013-14, was supplying instrument clusters exclusively to Japanese carmakers Toyota, Honda and Suzuki. Is this what you are looking for?
Ranjan Mohan


3
DPIN has now become the wholly-owned subsidiary of Denso. The JV was making huge losses. The business was not going as per plan, according to Vikram Mohan, MD of Pricol. I hope this helps.
Thiru Chandrashekar


4
With losses mounting, auto instruments manufacturer Pricol has exited its joint venture with Japanese partner Denso Corporation, when it sold its 49% stake in Denso Pricol India (DPIN) to Denso for a consideration of Rs 20 crore.
Mohana Vijay


Wow that is sad. What is the status of Denso now? Can someone tell me?
Kishore Kumar,  Coimbatore
18th March 2015


5

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