Uno Minda has received approval to incorporate a new wholly owned step-down subsidiary in Czech Republic, Europe, as a Subsidiary of CREAT GmbH, which is a wholly owned step-down subsidiary of the company situated at Europe.
The proposed wholly owned step-down subsidiary shall focus on team growth for Hardware-In-the-Loop (HIL) testing and Build up further growth potential by expanding engineering support services in the areas of lighting, Hardware and Software development, Head Up Display and Automation technology. Further, the business to be pursued by the proposed wholly owned step-down subsidiary will be similar to the main line of businesses of the company. The Board of Directors of the Company at its meeting held on August 7, 2024, has approved the same.
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.
