Ask Automotive Share Price Rise 3% as Board Approves JV with TD Holding GmbH

Ask Automotive Ltd has received board approval to enter into a joint venture with Germany’s TD Holding GmbH. The decision was made during a meeting held on June 25, 2025. The joint venture company will focus on the production and sale of sunroof control cables and helix cables used in passenger vehicles.

Ownership and Funding

The proposed joint venture will have a 49:51 shareholding structure. Ask Automotive will hold 49%, while TD Holding GmbH will hold the majority 51% stake. Ask Automotive has committed to investing ₹2.45 crore in total. The funds will be infused in phases.

An initial amount of ₹49 lakh will be invested by Ask Automotive at the time of incorporation of the joint venture company. The remaining ₹1.96 crore will be contributed in one or more tranches, as required over time, as per exchange filings.

Agreement and Incorporation

The joint venture company will be set up after both parties sign the formal joint venture agreement (JVA). The exact terms of the agreement have not yet been disclosed. Ask Automotive will share further details with the exchanges once the agreement is signed.

The disclosure was made in line with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements. It also follows the SEBI master circular issued on November 11, 2024. The company’s official communication was signed by Rajani Sharma, Vice President (Legal) and Company Secretary.

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Ask Automotive Share Price Performance 

As of 10:24 AM on June 26, Ask Automotive share price was trading at ₹520, a 3.81% increase, with a 11.54% gain over the past 6 months and 45.07% over the past year.

Conclusion

The joint venture will focus on manufacturing specific components for passenger vehicles. Incorporation and detailed terms are pending the execution of the agreement between Ask Automotive and TD Holding GmbH.

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