Minda Corporation has announced the establishment of a Technology License Agreement (TLA) with LocoNav for white-labelling of Telematics Software for both Web & Android/iOS platforms.
As per the agreement, Spark Minda will integrate LocoNav-developed software with its in-house developed telematics devices to provide OEMs with a complete solution.
As part of the alliance, LocoNav will be the technology partner for telematics systems to Spark Minda and shall provide white-labelled software.
LocoNav would also assist Spark Minda in software customisations and other support from time to time and provide the mobile application user interface.
According to a press release from Minda Corporation, the exclusive collaboration will enable Spark Minda to be ahead of the technology curve with customised solutions to suit Indian OEM’s.
Aakash Minda, Executive Director, Minda Corporation, said that the connectivity of vehicles is one of the major trends in the automotive industry and a complete telematics solution lies at the heart of this megatrend.
Shridhar Gupta, Co-founder, LocoNav, said, “Spark Minda’s decades-long relationships with all the major OEMs and LocoNav’s deep software expertise, will help in quicker scale-up for the association. This partnership would be beneficial to all stakeholders in the Indian automotive industry.”