Fujitsu Ten forms JV companies with Uno Minda for car infotainment products [June 2012]

By admin June 20, 2012 12:29 pm IST

Leading Japanese automobile component manufacturer Fujitsu Ten and leading Indian auto components manufacturer Uno Minda, NK Minda Group have agreed to establish new manufacturing and sales joint venture companies in India for car infotainment products.
The automotive industry in India is one of the largest in the world and one of the fastest growing globally. Considering that the number of new car sales in India exceeded 2.5 million in 2011, Indian car market has launched itself into a real motorisation era and further expansion can be expected at a rapid pace. “This JV is an attempt to tap into the growing 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”, a company statement said.

On the occasion, Mr. Shigematsu, President of Fujitsu Ten said, “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”.