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(15 Jun 2024, 11:23)

Minda Corpo inks JV agreement with HCMF for automotive sunroof solutions and closure systems

Minda Corporation said that it has entered into and signed a Joint Venture Agreement with HSIN Chong Machinery Works Company for manufacturing of automotive sunroof solutions and closure technology products for passenger cars in India.

“This joint venture shall be operational through incorporation of a new joint venture entity,” Minda Corp added.

The initial ratio of shareholding in the proposed JV company (JVC) shall be held 50% by Minda Corporation and 50% shall be held by HSIN Chong Machinery Works Company (HCMF).

Taiwan-based HSIN Chong Machinery Works Company is a leading global manufacturer of automotive sunroof and closure systems. The company is engaged in the manufacturing of various products groups like roof system, comfort closure system, door and closure mechanical system, seat system and mechanical & mechatronic system. The company operates via its 29 sales, technical and manufacturing facilities spread globally.

With evolving consumer preferences and premiumisation, the market for sunroof in ...

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