Fujitsu Ten limited, Japanese auto components major and Uno Minda, leading auto parts maker from India has joint their hands to establish a new manufacturing and sales JV firm in India for car infotainment products. The said JV agreement was signed during mid-may in Bangalore. The Indian automotive industry is one of the largest and the fastest growing industry in the world. These two companies will tap the growth segment of Car Infotainment products and bring innovative products to Indian market. The JV’s manufacturing facility will come up at Bawal, Haryana. The JV plans to produce Car infotainment products such as CD Tuners, Display Audios AVNs and Speakers. The Production will start in October 2013.
Shigematsu, President of Fujitsu Ten said: “We are confident that this partnership can leverage the fundamental strengths of both partner companies and that this JV will offer strong products which make Indian customers happy. With Uno Minda providing a strong business base to Fujitsu Ten’s innovative and technically superior products, we aim to bring the best of technologies to Indian market. We will meet the expectations of Indian customers continuously through this JV”.
Nirmal K Minda, CMD of NK Minda Group, said: “Uno Minda, NK Minda Group has maintained a tradition of bringing the latest automotive technologies to India. We are delighted to partner with Fujitsu Ten and are confident that this JV will create a very strong local production base to offer market-leading, technology intensive Audio Infotainment System to Indian OEMs. This JV will bring local design, product development and complete manufacturing for the very first time in India for such products”.