Munjal Showa

Munjal Showa Limited is a public company established in 1985 through a technical and financial collaboration between India's Hero Group and Japan's Showa Corporation. The company aims to be one of India's most respected companies by delivering superior and sustainable value to its customers, business partners, shareholders, employees, and local communities. A strong commitment to values and ethical business conduct forms the foundation of its corporate governance philosophy, ensuring trust and transparency with all stakeholders. It produces essential auto components, including front forks, shock absorbers, struts, and window balancers, primarily for the domestic two-wheeler and four-wheeler vehicle market. To improve efficiency and quality, the company has adopted the Total Productive Maintenance (TPM) journey with guidance from JIPM Japan and CII, TPM Club India. In the fiscal year 2023-24, the company recorded a gross turnover of ₹1,17,272.84 lakhs and an after-tax profit of ₹3,076.61 lakhs.;