New Delhi, 14th August 2024: Krishna Group’s Metals Division, SKH, has forged a strategic alliance with global automotive systems leader Magna International Inc for Body and Chassis operations in India. SKH and Magna have created a new strategic alliance – SKH M. This new alliance marks a significant milestone in SKH’s expansion strategy and bolsters its position in the automotive components sector.
This strategic alliance builds on SKH’s two-decade history of international partnerships spanning multiple continents. The company has established collaborations with industry leaders from various countries including Spain, Italy, Japan, and Canada. This diverse alliance portfolio, reaching across Europe, Asia, and North America, highlights SKH’s commitment to global expertise and innovation in the automotive components sector.
The alliance aims to combine SKH’s lean manufacturing strength with Magna’s cutting-edge technology to drive innovation in Chassis and Body-in-White (BIW) Systems. By leveraging the strengths of both companies, this strategic alliance is set to enhance product offerings, expand market reach, and push the boundaries of technological advancement in the automotive sector.
Mr. Sunandan Kapur, Vice-Chairman of Krishna Group said, “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.”
Mr. John O’Hara, President of Cosma International, added, “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.”
“This strategic alliance represents a significant step in SKH’s growth, enhancing our capabilities in advanced chassis and BIW Systems,” said Mr. Manish Gupta, Head- Strategy, & Marketing at SKH. “We are excited to synergize our best practices with Magna’s operational excellence, delivering the best of both worlds to our customers.”
Key focus areas of the alliance include:
- Innovation and Technological Advancement: The partnership will drive the development of next-generation chassis and BIW systems, with a commitment to Industry 4.0 compliance and advanced manufacturing processes.
- Sustainability: Both companies are dedicated to Environmental, Social, and Governance (ESG) initiatives, focusing on energy-efficient solutions.
- Customer-Centric Approach: The alliance aims to exceed customer expectations by providing state-of-the-art systems that enhance vehicle performance and safety.
- Market Expansion: This collaboration will strengthen SKH’s presence in India and reinforce its position as a leader in the automotive industry.
The strategic alliance aligns 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.
Mr. Ashok Kapur, Chairman of Krishna Group said, “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.”