-70.65 (-4.12%) Tech Mahindra, a specialist provider of solutions and services to the telecommunications industry, has signed a Memorandum of Understanding (MoU) with Navigation Information Systems (NIS) GLONASS, company that offers dual-system GLONASS/GPS chipset-based navigation equipment to the Indian market.
As per the agreement, both the parties will jointly identify and develop potential opportunities, while agreeing to explore the emerging markets with strong focus on solutions such as Fleet Management Solution, Intelligent Transport Solution, Vehicle Security, Geo-fencing, and Precision Positioning Services among others. Tech Mahindra will play the role of System Integrator of NIS solutions, and will also customize the solutions as per Indian requirements, wherever required.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra.