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Minda Corporation signs technical assistance agreement with INFAC ELECS Co., South Korea

Capital Market 

To manufacture Automotive Antenna Systems

Minda Corporation announced the signing of Technical Assistance Agreement (TAA) with INFAC ELECS CO. of South Korea to manufacture Automotive Antenna Systems.

TAA aims to localize the manufacturing of Vehicle Antenna Systems to cater the local and global demand. It is a step forward to offer a complete solution to OEMs in this fast growing market of Automotive Vehicle Antennas and Systems which enable connected mobility. The future of mobility is clearly connected and autonomous vehicles in which the communication of a vehicle with external infrastructure and other vehicles/ devices is important and thus calls for need of devices like Vehicle Antennas e.g Shark Fin Antenna, Micro Pole Antenna etc. The alliance will focus on complete vehicle antenna solutions and sub systems.

Spark Minda has a strong brand value in the Indian Automotive Industry with excellent relations with all the top OEMs. With Infac's strong capability in this segment, this alliance would leverage each other's strengths and help in establishing a strong business for Antenna Systems in India

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 13 2019. 09:46 IST