Minda Corporation on Tuesday said it has signed a technical assistance agreement with South Korea's Infac Elecs to manufacture automotive antenna systems.
" The technical assistance agreement (TAA) aims to localise the manufacturing of vehicle antenna systems to cater the local and global demand," Minda Corporation, the flagship company of Spark Minda Group, said in a regulatory filing.
The filing further added that the TAA is a step forward to offer a complete solution to Original Equipment Manufacturers (OEMs) in this fast growing market of automotive vehicle antennas and systems which enable connected mobility.
"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," the company added.