JTEKT India Limited

Baroda BNP Paribas Mutual Fund decreased its stake in JTEKT India Limited from 2.87% to 2.62%, selling 700,538 shares worth ₹8.86 Cr at ₹126.54 apiece.

A leading manufacturer of steering systems and automotive components for passenger cars and utility vehicles in India. JTEKT India supplies critical parts to major automobile manufacturers across the country through its advanced manufacturing facilities. The company specializes in precision engineering and serves as a key tier-one supplier in the Indian automotive industry, delivering steering solutions and related components that enhance vehicle performance and safety.

Joint venture between Bank of Baroda and BNP Paribas Asset Management, one of Europe's largest asset managers. Manages over Rs 50,000 crore. Formerly Baroda Pioneer and then Baroda BNP after the global BNP Paribas AM rebranding. Strong debt and fixed income franchise alongside growing equity offerings.