Minda Corporation has signed Joint Venture (JV) Agreement with HSIN Chong Machinery Works (HCMF) from Taiwan, a leading global manufacturer of Automotive Sunroof and Closure systems. This partnership is a 50:50 Joint venture between Minda Corporation and HCMF, aims to provide cutting-edge technology backed by state-of-the-art manufacturing of Sunroof and Closure Technology Products for passenger cars by localisation in India. This Joint Venture shall be operational through incorporation of a new joint venture entity.
With evolving consumer preferences and premiumisation, the market for sunroof in India is expected to grow significantly. HCMF is a global technology leader of automotive Sunroof and Closure systems and this collaboration will offer advanced products and technologies in the vehicle access space, particularly for passenger cars increasing the Content per vehicle.
Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.
