Minda Industries Limited, the flagship company of Uno Minda Group has joined hands with Tung Thih Electronic Co. Ltd. (“TTE”), to form a 50:50 joint venture in India. Tung Thih Electronic Co. Ltd. is a premier Taiwanese player engaged in manufacturing and sale of Driving Assistance Products & Systems (DAPS).
The joint venture (proposed to be named Minda TTE DAPS Private Limited) will supply DAPS, including Rear Parking Aid Systems, Auto Parking Aid Systems, Cameras, Around View Monitor Systems, etc. to Indian automotive OEMs. TTE is already an approved supplier to Maruti Suzuki. Future plans include venturing into niche technology products like Lane Departure Warning Systems amongst others.
The JV will set up state of the art greenfield manufacturing facility in NCR which will have a world class paint shop and assembly line. This Joint Venture will help both partners to make a deeper foray into the fast growing and dynamic Indian automotive electronic space with a specific focus on passenger and pedestrian safety products.
Tvarra, a brand synonymous protective riding headgear for women and young adults, unveiled its latest Hyp3 Kids’ helmet range, at the new flagship store at Nexus Mall, Koramangala in the presence of T...
Apollo Tyres has introduced Apterra HT5, a premium highway terrain tyre designed specifically for the core SUV segment, where urban sophistication meets highway dominance.
Galaxy, a leading global brand of construction, earthmoving and material handling tyres, has entered the fast growing UTV/ATV segment with two flagship patterns - Hulk PSX and Everest PSX. The new ran...