Berger Paints to market auto refinish paints in India
Berger Paints will market automotive refinish paints manufactured by Japanese Rock Paint Co in India.
Berger Paints will market automotive refinish paints manufactured by Japanese Rock Paint Co in India.
The two firms have entered into an agreement to tap Rs the 2,000-crore Indian automotive refinish market and may even set up a joint venture, Berger Paints said in a statement.
"The companies may discuss establishment of a joint venture in India at a later date," the company said.
The products will be launched next month.
Berger Paints, which is already present in the automotive paints segment, would offer high-quality, easy-to-use coatings suited to the diverse needs of auto re-finish market, the company said.
"The companies are optimistic that the superior automotive re-finish paints will have considerable demand in the Rs 2,000 crore automotive refinish market in India," it said.
Rock Paint is a leading manufacturer of automotive re- finish paints in Japan while Berger Paints is the second largest paint company in India with a gross turnover of more than Rs 5,000 crore.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)