Auto ancillary stock jumps 6% after forming JV with Taiwan based SMCAuto ancillary stock jumps 6% after forming JV with Taiwan based SMC

Introduction

Leading auto component manufacturer has formed a joint venture with Taiwan-based SMC to produce electronic locks, EV components, and advanced automotive solutions, combining local market expertise with global technical and R&D capabilities.

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Share price movement of Pavna Industries

On August 18, 2025, Pavna Industries Ltd opened at ₹448.95, up 9.45% from its previous close of ₹410.35. The stock reached a high of ₹448.95 and a low of ₹415.05. By 3:07 PM, it traded at ₹418.15, a 1.90% increase, with a market cap of ₹583.44 crore.

Pavna Industries Forms JV with Taiwan-Based SMC

Pavna Industries Limited has entered into a joint venture with Taiwan-based SmartChip Microelectronic Corporation (SMC). The JV will focus on manufacturing electronic locks, EV components, and other automotive and industrial electronic products in India.

Under the agreement, Pavna will contribute its operational, manufacturing, and procurement expertise, managing the JV’s operations in India. SMC will provide technical skills, innovations, and R&D capabilities for automotive e-lock systems and EV components.

Pavna will hold 80% equity in the JV, while SMC will hold 20%. The partnership aims to deliver advanced, globally competitive solutions for vehicles, residential, commercial, aero, and medical electronic applications.

Stock performance of Pavna Industries for Period of 1 week, 6 months, and 1 year

Pavna Industries Ltd delivered an 11.0% return over the past week. The stock gained 3.61% in the past six months and declined 2.52% over the past year.

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Shareholding pattern of Pavna Industries

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	61.50%	61.50%	61.50%
FII	6.40%	6.20%	5.90%
DII	0%	0%	0%
Public	32.10%	32.30%	32.60%

About Pavna Industries

Pavna Industries Limited (NSE: PAVNAIND), established in 1994, manufactures high-quality automotive components for diverse vehicle segments. It operates multiple plants in India, exports globally, and focuses on innovation, R&D, and strategic collaborations.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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