Joint Venture1 Aug 2024, 06:45 pm
Uno Minda Partners with Aisin for Sunroof Manufacturing in India
AI Summary
Uno Minda Ltd. has entered into a Technical License Agreement (TLA) with Aisin Corporation, Japan, for manufacturing and sale of sunroofs. Aisin, a Fortune Global 500 company, is a top 10 global Tier-1 automotive supplier and holds the largest market share in sunroof product segment in Japan. This partnership aims to cater to the growing demand for sunroofs in India, which has witnessed a fivefold jump in the last five years. Uno Minda and Aisin aim to establish themselves as frontrunners in the sunroof market.
Key Highlights
- Uno Minda has entered into a TLA with Aisin Corporation, Japan, for manufacturing and sale of sunroofs.
- Aisin is a Fortune Global 500 company and a top 10 global Tier-1 automotive supplier.
- Aisin holds the largest market share in sunroof product segment in Japan.
- Sunroof penetration in India has witnessed a fivefold jump in the last five years.
- Uno Minda and Aisin aim to establish themselves as frontrunners in the sunroof market.