Consulting · Automotive Manufacturing · 2023
India-China Automotive JV Structuring
USD 180M joint venture signed; operational in 8 months.
Confidential — Automotive Tier-1 Supplier
Key Metrics
USD 180M
JV valuation at signing
8
Months from engagement to signing
14
Negotiation sessions led
6
Months to full operations
Challenge
An Indian Tier-1 automotive supplier sought to establish a manufacturing joint venture with a Chinese partner to supply the rapidly growing EV segment in both markets. The client had identified a prospective partner in Guangdong but lacked the bilateral expertise to structure the JV, negotiate governance terms, and navigate Chinese foreign investment regulations.
Solution
We led the full JV structuring process — starting with a detailed due diligence report on the proposed Chinese partner, followed by a governance structure recommendation that balanced operational control with Chinese regulatory requirements. Our team served as the primary negotiation interface, conducting all sessions in Mandarin and providing real-time strategic guidance to the client's CFO and legal team across 14 negotiation sessions.
Results
The JV agreement was signed within 8 months of engagement — well within the client's 12-month target. The structure we designed gave the Indian parent effective operational control while satisfying Chinese foreign investment approval requirements. The JV became operational within 6 months of signing and secured its first OEM contract within the first year.
Work Breakdown
Partner Due Diligence
Comprehensive financial, operational, and reputational due diligence on the proposed Chinese JV partner.
Governance Design
JV governance structure designed to balance control and compliance across both jurisdictions.
Negotiation Facilitation
End-to-end negotiation management across 14 sessions, conducted entirely in Mandarin and English.
Regulatory Approval
Navigation of SAMR and MOFCOM approval processes with dedicated Beijing counsel.
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