New Delhi, Auto component maker Minda Corporation on Friday said it has entered into an agreement to form a joint venture with Taiwan-based Hsin Chong Machinery Works Co to locally produce sunroofs for passenger vehicles.
The 50:50 partnership aims to localize the production of sunroof and closure technology products.
Ashok Minda, Chairman and Group CEO, Minda Corporation, said in a statement, “This collaboration underlines our commitment towards self-reliant India, as we aim to provide comprehensive system solutions encompassing product design, development and manufacturing for passenger vehicles. To do. let's try."
Roger Hsi, President, Sin Chong Machinery Works, said the company is looking forward to collaborating with Spark Minda to expand its footprint in India's growing vehicle market to develop and manufacture innovative integrated automotive sunroof and closure systems for the next generation vehicles. Is expecting. Is hoping.
He said, the company is confident that this partnership will effectively leverage the complementary strengths of both organizations and establish a strong presence in the rapidly growing market in India.
HSIN Chong Machinery Works operates through 29 sales, technical and manufacturing facilities spread globally.
The 50:50 partnership aims to localize the production of sunroof and closure technology products.
Ashok Minda, Chairman and Group CEO, Minda Corporation, said in a statement, “This collaboration underlines our commitment towards self-reliant India, as we aim to provide comprehensive system solutions encompassing product design, development and manufacturing for passenger vehicles. To do. let's try."
Roger Hsi, President, Sin Chong Machinery Works, said the company is looking forward to collaborating with Spark Minda to expand its footprint in India's growing vehicle market to develop and manufacture innovative integrated automotive sunroof and closure systems for the next generation vehicles. Is expecting. Is hoping.
He said, the company is confident that this partnership will effectively leverage the complementary strengths of both organizations and establish a strong presence in the rapidly growing market in India.
HSIN Chong Machinery Works operates through 29 sales, technical and manufacturing facilities spread globally.
