Sharda Motor Partners with Donghee Industries to Launch Advanced Suspension Systems in India

Sharda Motor Industries Ltd (SMIL), a leading Tier-1 automotive component manufacturer, has entered into a Technology Licence Agreement (TLA) with Donghee Industries Co. Ltd., a South Korean automotive technology firm. The collaboration aims to bring advanced suspension systems to the Indian market, catering to the growing demand from SUVs, electric vehicles (EVs), and premium luxury segments.

Under the agreement, Donghee will provide design drawings, process know-how, and validation protocols, enabling Sharda Motor to locally manufacture high-performance suspension components such as control arms, torsion beams, and sub-frames. This move is expected to reduce import dependency and enhance supply chain efficiency for Indian OEMs.

The partnership marks a strategic expansion of SMIL’s chassis and suspension portfolio, aligning with its long-term vision to become a full-system supplier in the automotive space.

Key Highlights:

Technology Partner: Donghee Industries Co. Ltd., South Korea

Product Scope: Control arms, torsion beams, sub-frames

Target Segments: SUVs, EVs, and luxury vehicles

Localization Focus: Manufacturing in India for domestic and global OEMs

Strategic Impact: Strengthens SMIL’s suspension and chassis portfolio

This agreement positions Sharda Motor as a key player in India’s evolving automotive component landscape.

Source: Business Upturn, ScanX News