MoneyWorks4Me

Sparc Electrex in talks with Hyundai Corporation Holdings for license agreement

21 Jun 2023 Evaluate

Sparc Electrex is negotiating with Hyundai Corporation Holdings, Korea for entering into an Exclusive License Agreement which will permit the company to use the ‘HYUNDAI’ trademark for developing, manufacturing and selling the Power Tools and Accessories in India.

The purpose of the agreement with Hyundai Corporation Holdings is that the association with ‘HYUNDAI’ brand will help the company in promoting and positioning its products along-side other MNC brands in India. Selling under ‘HYUNDAI’ brand will help in realizing higher prices for its products because of its brand value.

Sparc Electrex uses its expertise in networking, communications, embedded systems and sensor technologies to deliver perfect fit solutions to the client's problems.


Peers
Company Name CMP
Waaree Energies 2342.00
Apar Industries 18105.85
Havells India 1052.00
Suzlon Energy 38.94
Siemens 3707.40
View more..