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MINDA CORPORATION SIGNS JOINT VENTURE AGREEMENT WITH HCMF
The Business Guardian
|June 16, 2024
Minda Corporation Limited (referred to as "Minda Corp" or the "Company"; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, a leading automotive components supplier to OEMs and tier-1 customers signed "Joint Venture (JV) Agreement" with HSIN Chong Machinery Works Co. Ltd. (HCMF) from Taiwan, manufacturer of Automotive Sunroof and Closure systems.
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This partnership is a 50:50 Joint venture between Minda Corporation and HCMF, aims to provide cutting edge technology backed by stateof-the-art manufacturing of Sunroof and Closure Technology Products for passenger cars by localisation in India.
Announcing the collaboration, Ashok Minda, Chairman & Group CEO - Minda Corporation said, "We are delighted to announce the signing of a Joint Venture Agreement with HCMF, a partnership that will pave the way for smart mobility solutions.
This collaboration underscores our commitment to Atmanirbhar Bharat, as we strive to deliver comprehensive system solutions encompassing product design, development, and manufacturing for passenger vehicles.
Denne historien er fra June 16, 2024-utgaven av The Business Guardian.
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