Mumbai-based Remsons Industries Ltd., a pioneer in Cables & Shifters for automotive {industry}, has entered right into a 50:50 three way partnership with Istanbul-based Daiichi Infotainment Techniques which is poised to redefine the panorama of automotive electronics.
This collaboration brings collectively the experience and sources of two industry-leading entities, Daiichi and Remsons, to pioneer progressive options that can drive the way forward for mobility, the businesses stated.
“As automotive expertise continues to evolve at an unprecedented tempo, our three way partnership stands on the forefront of this revolution, dedicated to delivering cutting-edge digital methods and parts that can form the automobiles of tomorrow. Leveraging the mixed strengths of Daiichi’s confirmed monitor report in design and manufacturing and Remsons deep automotive {industry} expertise and market presence, we’re poised to create synergies that can propel us to new heights of success,” Amit Srivastava, Remsons Group CEO, stated.
Daiichi is a part of “Dogan Group, one of many largest conglomerates in Turkey with a Income of USD 2 billion and 4000+ workers”.
Daiichi, headquartered in Istanbul, Turkey, with over 3.50 Lakh Sq. Ft for Manufacturing, operates with a robust group of 1500+ workers at technical centres, manufacturing websites and buyer assist providers globally. They’re OEM to Stellantis Group, Hyundai, Ford, Daimler, IVECO, Navistar, VW, Mahindra, ISUZU.
“Our three way partnership will give attention to growing superior electronics options tailor-made to satisfy the calls for of next-generation automobiles, together with infotainment methods, Digital Clusters, rear view cameras, USB chargers, Shark Fin Antennas, AVAS system, DMS. By a collaborative strategy that prioritizes innovation, reliability, and sustainability, we purpose to empower automakers with the instruments they should drive progress and improve the driving expertise for Indian markets,” Srivastava stated.
India’s automotive electronics market is prone to cross USD 18 billion by 2027 from USD 6 billion in 2020 with a CAGR of 17%
