TRF, a Tata enterprise in engineering and supply of material handling equipment and systems, has entered into a share holders? agreement with Tata Capital Ltd and Jasper Industries Private Ltd to form a joint venture company–Adithya Automotive Applications Pvt Ltd (AAAPL).

The JV aims to provide end solutions through fabrication and machining for vehicles to be used as tippers, load bodies, trailers, refrigerated bodies and so forth.

While TRF will hold a majority 51% in the JV company, Jasper Industries Pvt Ltd and Tata Capital Ltd are to hold 29% and 20%, respectively, in Adithya Automotive Applications Pvt Ltd.

TRF executive director RC Nandrajog told FE over phone on Monday that the new company will station its manufacturing base at the Tata Motors? vendor park in Lucknow.

Asked if TRF was gradually shifting its focus to automotive parts, Nandrajog said, ?Though TRF?s focus will continue to be supplying engineering and material handling equipment, automotive will become a very strong vertical.?

TRF acquired a majority stake in October 2007 in York Transport Equipment (Asia) Pte Limited, Singapore, which is engaged in the business of production and distribution of trailer undergears, with a market presence in 27 countries.

York Transport Equipment (India) Pvt Ltd, a subsidiary of York Transport Equipment (Asia), launched its first axles in April this year from its manufacturing facility located on TRF?s premises here.

The TRF executive director said Adithya Automotive Applications Pvt Ltd will start manufacturing the products within the next two to three months.