Joint Venture15 May 2024, 10:29 pm
KPIT Technologies Ltd: New Subsidiary QORIX INDIA PRIVATE LIMITED Incorporated as Part of Joint Venture with ZF Friedrichshafen AG
AI Summary
KPIT Technologies Ltd has announced the incorporation of a new subsidiary, QORIX INDIA PRIVATE LIMITED, following regulatory approvals. This step is in line with the Joint Venture Investment Agreement with ZF Friedrichshafen AG. QORIX INDIA PRIVATE LIMITED, a wholly owned subsidiary, aims to promote, develop and distribute open and scalable middleware products and solutions for the mobility ecosystem.
Key Highlights
- New subsidiary QORIX INDIA PRIVATE LIMITED incorporated
- Follows Joint Venture Investment Agreement with ZF Friedrichshafen AG
- Wholly owned subsidiary focused on automotive middleware products and solutions
- Approved by regulatory authorities
- Part of efforts to promote open and scalable middleware solutions in mobility ecosystem