Jamna Auto Industiries Ltd.

What Jamna Auto Industiries Ltd. does

Jamna Auto Industries Ltd. (JAI), founded in 1954 in Yamuna Nagar, Haryana, is India's largest manufacturer of tapered leaf and parabolic springs for commercial vehicles, with a stated global-leading annual capacity of 3,00,000 MTPA. The company is publicly listed on BSE (520051) and NSE (JAMNAAUTO), employs 2,500+ professionals (total 5,001–10,000), and operates 10 ISO-certified manufacturing plants across India. Its product portfolio spans Multi-Leaf and Parabolic Springs, Lift Axles, Trailer Mechanical and Air Suspensions, Bus Air Suspensions, Stabilizer Bars, Z-Springs, and allied components, covering 5,000+ part numbers.

JAI owns the only in-house spring R&D center in India, certified by DSIR, with patented Air Suspension technology and copyrights on roughly 120 leaf and parabolic spring designs. The company pioneered parabolic springs in India in 1988 and has designed springs for Ford Transit (Europe) and GM Hummer (USA). It serves three principal segments: Indian OEM supply (sole supplier for Daimler India and Volvo India, and key supplier to Tata Motors, Ashok Leyland, Mahindra & Mahindra, VECV, Force Motors, Scania), India's aftermarket (300+ distributors, 11,500+ stores, 15,000+ mechanics), and international aftermarket exports to 15+ countries (planned to expand to 40+).

Revenue is generated through B2B hardware sales across the three segments. Pricing is quote-based and undisclosed publicly, with multi-year OEM contracts. The company is targeting a "LAKSHYA RISE 5000" plan of ₹5,000 crore in sales, 40% ROCE, 15% export revenue, and 25% India aftermarket revenue, supported by capacity expansion (new integrated Indore plant in 2025) and European market entry via IAA Transportation 2024. Recent financials show Q4 FY26 net sales of ₹839.60 crores (up 31.66% YoY) and net profit of ₹87.27 crores (up 73.43% YoY). Leadership is family-controlled: Randeep Singh Jauhar (Chairman) and Pradeep Singh Jauhar (MD & CEO).

Name

Jamna Auto Industiries Ltd.

Legal name

JAMNA AUTO INDUSTRIES LIMITED

Website

https://jaispring.com

Company type

Public

Founded year

1954

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Jamna Auto Industries Ltd. (JAI) is India's largest manufacturer of leaf and parabolic springs for commercial vehicles, operating 10 plants with 3,00,000 MTPA capacity and supplying major Indian OEMs including Tata Motors, Ashok Leyland, Daimler, and Volvo, plus aftermarket distribution across 15+ countries.

Ownership category

akta.pro rank

Product category

Automotive Suspension Components

NAICS

Motor Vehicle Parts Manufacturing (3363)

SIC

Motor Vehicle Parts & Accessories (3714), Wholesale-Motor Vehicle Supplies & New Parts (5013)

akta.pro primary industry

Truck Chassis, Axle, Suspension & Brake Systems Manufacturing (IMACABAL)

Keywords

• Leaf spring manufacturing
• Commercial vehicle suspension
• Parabolic spring technology
• Automotive OEM components
• Trailer air suspension

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. OEM India Sales: Supply of suspension products (leaf springs, parabolic springs, lift axles, air suspensions) to all major Indian commercial vehicle OEMs including Tata Motors, Ashok Leyland, Mahindra & Mahindra. Manufacturing 500+ parts for OEMs across light, heavy, buses & mining vehicles.
2. Aftermarket India: Sale of spare parts through pan-India distribution network covering 300+ distributors, 11500+ stores, and 15000+ mechanics. Focus on highly consumable items.
3. Aftermarket Export: Export of springs and suspension products to aftermarket in over 15 countries. Currently supplies approximately 800 part numbers for exports. Planning to add approximately 40 new countries in next 12 months.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Jamna Auto Industries Ltd. designs, manufactures, and supplies complete suspension solutions for commercial vehicles, including multi-leaf springs, parabolic leaf springs, lift axles, trailer mechanical and air suspensions, bus air suspensions, stabilizer bars, and Z-springs. The company serves Indian OEMs (Tata Motors, Ashok Leyland, Mahindra, Daimler, Volvo), the Indian aftermarket through a pan-India distribution network, and exports to 15+ countries.

Product overview

Jamna Auto Industries Ltd. (JAI) is a complete suspension solutions provider for commercial vehicles, offering a comprehensive product portfolio of 5000+ part numbers. The core product line includes Leaf Springs (Multi-Leaf and Parabolic variants), Spring Allied Components, Lift Axles, Trailer Mechanical and Air Suspensions, Bus Air Suspensions, Stabilizer Bars, and Z-Springs. JAI serves three main markets: OEM India (supplying major manufacturers like Tata, Mahindra, Ashok Leyland, Volvo, Daimler), Indian Aftermarket (300+ distributors, 11500+ stores, 15000+ mechanics), and Export Aftermarket (15+ countries). With annual capacity of 3,00,000 MT and 10 ISO-certified plants across India, JAI is the largest leaf spring supplier to all major OEMs in India and derives over 70% of OEM share from leaf springs.

Differentiator

Problem solved

Functional benefit

Products and services

• Leaf Spring Multi-Leaf Spring and Parabolic Spring for commercial vehicle suspension. Over 5000+ part numbers available, featuring 33% lighter weight than conventional springs with better comfort and smoother ride. For commercial vehicle OEMs and aftermarket replacement.
• Spring Allied Components High-quality spring allied components including U-bolts, shackles, bushings, and pins designed for automotive applications.
• Lift Axle Heavy-duty lift axles for commercial vehicles that can be lifted or deployed based on load and road conditions, improving fuel economy and reducing maintenance and tyre wear.
• Lift Axle Allied Components Components supporting lift axle systems including air springs, dampers, wear washers, bolts, and bushings for enhanced performance and durability.
• Trailer Mechanical Suspension Standard, reliable and robust trailer mechanical suspensions built to handle toughest loads and harshest terrains. Available in parabolic leaf spring, lift axle module, and conventional spring variants.
• Trailer Air Suspension Advanced trailer air suspension using air bellows for smooth and adjustable ride, providing automatic ride height adjustment and leveling for uneven loads with superior driver comfort.
• Trailer SPD Comprehensive range of high-quality spare parts for trailers including front/rear hanger brackets, equalizers, torque rods, U-bolts, and bushings to minimize downtime.
• Bus Air Suspension Air suspension systems for buses providing unparalleled comfort and safety. Designed for Ashok Leyland, Tata Motors, and VECV (Eicher) with V-Link suspension technology.
• Stabilizer Bar Components that help reduce body roll during high-speed cornering or over road irregularities by connecting opposite wheels through torsion spring mechanism.
• Z-Spring Parabolic Z-Spring suspension system designed to soften rough road conditions, improve ride comfort, and protect vehicle parts by absorbing and reducing shocks and vibrations.

Quantifiable outcome

• 33% lighter than conventional springs with parabolic technology
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• VE Commercial Vehicles LtdcoreStrategic or Co-development Partner · 24 May 2024MOU signed with VE Commercial Vehicles Ltd for strategic cooperation in commercial vehicle sector. This partnership aligns with JAI's strategy to expand OEM relationships and technology capabilities.

Scale indicators13 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Continental AG: A major global automotive supplier with commercial vehicle components including air suspension and electronic chassis systems. Adjacent incumbent competing in advanced CV suspension segments where JAI also participates.
• ZF Friedrichshafen AG: A large global Tier-1 automotive supplier with a broad commercial vehicle suspension and chassis portfolio. Comparable as a competitor in CV suspension systems, though much broader in scope than JAI's focused spring/suspension offering.
• Mando Corporation: A Korean automotive components supplier with suspension and brake products for passenger and commercial vehicles. Comparable in suspension systems for OEMs but operates at much broader scale across multiple chassis domains.

Direct peers

• Chuo Spring Co., Ltd. A Japanese manufacturer focused on automotive and commercial vehicle springs, including leaf and coil springs. Comparable to JAI in product mix, manufacturing scale, and OEM-driven business model.
• Rassini: A Mexican/American manufacturer of leaf springs and suspension components for commercial vehicles. Comparable to JAI in product portfolio (leaf springs for CVs) and in serving global CV OEMs with similar technology platforms.
• Sogefi S.p.A. An Italian manufacturer of automotive suspension components, filters, and air intake systems, including coil and leaf springs. Comparable as a specialist suspension component supplier with a similar OEM + aftermarket business model.
• Tinsley Bridge Group: A UK-based manufacturer of leaf springs and suspension components primarily serving commercial vehicle and rail markets. Comparable to JAI as a specialist leaf spring producer serving OEM and aftermarket channels.
• NHK Spring Co., Ltd. A Japanese manufacturer of springs and suspension products for automotive and commercial vehicle applications. Comparable to JAI as a global spring specialist with proprietary technology and OEM customer base.
• Tata AutoComp Systems: An Indian auto component conglomerate with interests in suspension, chassis, and powertrain products serving Indian OEMs. Comparable as an Indian-listed peer in the auto component space with overlapping OEM customers and product lines.
• Hendrickson International: A global manufacturer of heavy-duty commercial vehicle suspension systems, leaf springs, and axle products. Directly comparable to JAI as a specialist supplier of leaf and parabolic springs to commercial vehicle OEMs worldwide.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=SJS6geINDRw
• LinkedInlinkedin.com/company/jaispring

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jamna Auto Industiries Ltd.