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Japanese auto parts JTEKT, the world’s largest supplier of steering systems, is looking to strengthen its presence in the Indian auto parts market and is in talks to increase its stake in Sona Koyo, the listed flagship company of the Sona Group, according to people familiar with the matter. It is said to have already started. The stake in Steering Systems Ltd. The ongoing negotiations were interviewed on condition of anonymity by ET NOW. ET NOW first reported the story.

Jetty currently owns about 20% of Jetty with Sonaa and is negotiating with Sonaa’s share, Koyo Steering Systems, to increase its stake. Due diligence sources say the proposed transaction is ongoing.

“Responding to ET NOW Jettygate responded to an email inquiry that it had not yet responded to Sonaa’s email Koyo Steering Systems Limited has made any decision not to comment.”

Sonaa Group said, “In accordance with company policy, we do not comment on market rumors or speculation.”

JTEKT Corporation was founded in January 2006 as a result of the merger of bearing manufacturer Koyo Seiko Co. and machine tool manufacturer Toyota Machine Manufacturing Co. Headquartered in Nagoya, Japan, JTEKT was the first steering manufacturer to develop electric and hydraulic electric steering systems. The company has more than 430,000 employees in 27 more than 10,000 countries and had sales of $12.6 billion in 2013, according to the company’s website.

Sona Koyo Steering Systems Ltd was founded in 1985 to service passenger cars, utility vehicles and light commercial vehicles. Sona Koyo customers include leading Indian automakers such as Maruti Suzuki, Toyota, Hyundai, Tata Motors, Mahindra Mahindra, General Motors and Ford. According to its website, the company exports precision products independently and through a network of overseas joint venture partners to the United States, Europe and Japan.