AGC holds a large minority stake in Asahi India Glass, the country's leading maker of automotive glass and a major producer of float and architectural glass. The listed company supplies most Indian carmakers and runs plants and sub assembly units across north, west and south India.
Ownership and structure
AGC is a promoter of the listed Asahi India Glass with 22.21 percent as of March 31, 2025, alongside the Labroo family with 20.87 percent and Maruti Suzuki with 11.11 percent. Asahi India Glass Limited is listed on the NSE and BSE under the symbol ASAHIINDIA.
What India does for AGC (Asahi India Glass)
India is a major automotive and architectural glass market for AGC, where its associate Asahi India Glass supplies about 75 percent of passenger car glass from 13 plants.
Investment and deals
Asahi India Glass spent more than Rs 1,350 crore on capital expenditure in FY2025, of which Rs 900 crore to Rs 1,000 crore went to float glass capacity.
AGC (Asahi India Glass)'s India business
Asahi India Glass was formed in 1984 as a joint venture of the Labroo family, Asahi Glass and Maruti Udyog and began operations in March 1987. AGC owned 22.21 percent and Maruti Suzuki 11.11 percent of the company as of March 31, 2025.
The company holds about 75 percent of the Indian passenger car glass market. It operates 13 plants and 10 sub assembly units and warehouses.
Its third float glass line began commercial operations on March 25, 2025.
Key moves in India
- 1984: The company was formed as a joint venture of the Labroo family, Asahi Glass and Maruti Udyog under the name Indian Auto Safety Glass.
- 1987: Operations began at Bawal in March 1987, making toughened glass for windshields.
- 2002: The company took a 79.6 percent stake in Float Glass India, entered float glass and was renamed Asahi India Glass in September 2002.
- 2003: It set up an automotive glass plant in Chennai.
- 2017: A new float glass plant at Taloja began manufacturing in November 2017.
- 2021: The first phase of the Patan plant in Gujarat began making tempered glass in February 2021.
- 2025: The third float glass line began commercial operations on March 25, 2025.
Where it operates
AGC (Asahi India Glass) runs its India business from Gurugram. It also has a presence in New Delhi, Bawal, Roorkee, Chennai, Taloja, Patan, Pune and Bengaluru.
At a glance
- Home country: Japan
- Global headquarters: Tokyo
- Sector: Manufacturing & Supply Chains
- Business: Glass
- Role of India: Sales market, Manufacturing base
- India entity: Asahi India Glass Limited
- Listed in India: Asahi India Glass Limited (ASAHIINDIA)
- India head office: Gurugram
- India offices: Gurugram, New Delhi, Bawal, Roorkee, Chennai, Taloja, Patan, Pune, Bengaluru
- India headcount: Not available
- In India since: 1984
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