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Minda Corporation Ltd. has entered into a joint venture agreement with Japan's Toyodenso Co. Ltd. to manufacture and market advanced automotive switches in India. Under the terms of the agreement, Minda Corp will hold a 60% stake in the joint venture, while Toyodenso will hold 40%. The collaboration will focus on the design, development, manufacturing, and marketing of these automotive components. Separately, the National Company Law Tribunal (NCLT) has approved the first motion application for the scheme of amalgamation of Suzuki Motor Gujarat, an arm of Maruti Suzuki, into Maruti Suzuki itself.
#JustIn | Maruti Suzuki NCLT approves first motion application of the scheme of amalgamation of arm Suzuki Motor Gujarat into & with the company https://t.co/FYW0AAt3JN
Minda Corporation Ltd. (Minda Corp) announced a JV with Toyodenso Co. Ltd. of Japan for advanced automotive switches in India. 🤝 Minda Corp will hold a 60% stake, while Toyodenso will hold 40%. The JV will handle design, development, manufacturing, and marketing of automotive
Minda Corp forms JV with Japan's Toyodenso for advanced automotive switches https://t.co/zLsoHkeIOX
