Eastern Standard Time Japanese auto parts JTEKT, the world’s largest supplier of steering systems, is looking to strengthen its presence in the Indian auto parts market and is in talks to increase its stake in Sona Koyo, the listed flagship company of the Sona Group, according to people familiar with the matter. It is said to have already started. The stake in Steering Systems Ltd. The ongoing negotiations were interviewed on condition of anonymity by ET NOW. ET NOW first reported the story. Jetty currently owns about 20% of Jetty with Sonaa and is negotiating with Sonaa’s share, Koyo Steering Systems, to increase its stake. Due diligence sources say the proposed transaction is ongoing. “Responding to ET NOW Jettygate responded to an email inquiry that it had not yet responded to Sonaa’s email Koyo Steering Systems Limited has made any decision not to comment.” Sonaa Group said, “In accordance with company policy, we do not comment on market rumors o...