Uno Minda has received approval to enter into a Joint Venture agreement with TACHI-S Company (TACHI-S), a global seat system creator headquartered in Tokyo, Japan, for manufacturing and marketing of seat recliners for four wheeler passenger vehicle in India. The Joint Venture will offer various products including recliners in first phase with the intention of expanding into other seating mechanisms, seat frames and complete seating assembly. The company will hold 51% stake in the Joint Venture while the remaining stake will be held by TACHI-S.
Uno Minda (formerly known as Minda Industries) offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.
