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Takata Corp., the embattled Japanese air-bag supplier that’s put itself up for sale after triggering the auto industry’s biggest safety recall, aims to shortlist two to three candidates by October, according to people familiar with the process.

Bidders for Tokyo-based Takata have been asked to submit their proposals by early next week, said the people, who asked not to be identified because the information is confidential. Suitors include Carlyle Group LP, which is working with Chinese-owned air-bag manufacturer Key Safety Systems; Daicel Corp., a Japanese maker of air-bag inflators that’s jointly bidding with Bain Capital; and KKR & Co., they said.

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