The flagship company of the Spark Minda group, Minda Corporation has inked a new joint venture with Korean Infac Elecs to bring its range of automotive antenna solutions to the Indian automobile market.
The joint venture, which will manufacture and launch antenna products like rod antenna, micro pole antenna, shark fin antenna and LF Antenna, aims to capitalise on the opportunities for growth in automotive safety, connected and autonomous technologies, the company said in a press release.
It also said connectivity-based safety features such as remote keyless entry, V2V & V2X communication will spur demand for devices like antennas products and solutions.
The joint venture will manufacture the antennas locally from the newly set-up manufacturing unit in Pune.
Ashok Minda, Chairman and Group CEO, Spark Minda Group said the company aims to be a leading player in the domain of ‘safe, smart & connected’ technologies. “With INFAC’s strong capability in advanced solutions in antenna systems, the JV will offer the latest technology products to all segments of the automotive industry,” he said.
“This agreement is the second achievement, following the Technical Assistance Agreement dated on August 12, 2019 and means both companies have similar goal and conviction of successful business to be in the Indian automotive market filled with high potential and possibilities,” Woong Seon Choi, President, Infac Group said.