This small-cap auto company has approved capacity expansion; stock gains 4%

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This small-cap auto company has approved capacity expansion; stock gains 4% - Business Standard

Quick Summary:

The company is involved in the manufacture of steering systems, driveline components, bearings, and machine tools.

The proposed capacity is to be added by October 2026, JTEKT India said.

It produces a range of automotive components including steering columns, electric power steering systems (EPS), hydraulic power steering systems (HPS), and driveline components such as constant velocity joints (CVJs).