JTEKT Corporation (TSE:6473) is set to buy out Indian partner Sona Autocomp Holding Private Limited's 25% stake in Sona Koyo Steering Systems Limited (BSE:520057) for INR 5.6 billion to INR 6.3 billion, two people familiar with the development told Economic Times. JTEKT is believed to have offered the Kapur family, which owns the Sona group, INR 115-125 per share. The Sona Koyo Steering Systems spokesperson did not respond to emailed queries, phone calls and WhatsApp messages.

JTEKT Corporation also did not respond to emailed queries.