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Minda Industries gets nod to enter into wheel speed sensors business in India, South Korea

24 Dec 2019 Evaluate

Minda Industries has received approval from its board for entering into wheel speed sensor business in India and South Korea by purchasing certain machinery from Sensata Technology Baoying and availing technical know-how and engineering support from Sensata Technology Changzhou. The total investment required is Rs 45.21 crore.

Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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