Uno Minda announced that its Board has approved entering into a 51:49 Joint Venture (JV) agreement with TACHI-S Company to manufacture and market seat recliners for four-wheeler passenger vehicles.
The JV will offer various products, including recliners, in the first phase with the intention to expand into other seating mechanisms, seat frames, and complete seating assembly.
Nirmal K Minda, CMD, Uno Minda Group, said, 'This partnership with TACHI-S will expand our seating portfolio to now bring the latest seating technologies for 4-wheeler passenger vehicle in India. The partnership will enable the joint venture to successfully establish a leading position in automotive seating system for passenger vehicle segment as well.'
TACHI-S, an integrated automobile seat manufacturer (from development to production), has 70 facilities in 13 countries. Yuichiro Yamamoto, CEO of TACHI-S, noted, 'The combination of TACHI-S seating expertise and Uno Minda’s manufacturing capabilities can create a true leader in the rapidly growing Indian automotive seating market.”
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