Schedule a Call Back
Spark Minda, HCMF forge innovative partnership for Sunroof Solutions in India
Industry News- Nov 09,23
Under this collaboration, the two companies intend to leverage advanced technology and cutting-edge manufacturing processes to produce sunroof and closure technology products for passenger cars in India.
Minda Corporation Limited (Minda Corp), the flagship of Spark Minda and a prominent supplier of automotive components to OEMs and tier 1 customers, has announced a strategic partnership with HSIN Chong Machinery Works (HCMF) from Taiwan, a leading global manufacturer specialising in automotive sunroof and closure systems.
Under this collaboration, the two companies intend to leverage advanced technology and cutting-edge manufacturing processes to produce sunroof and closure technology products for passenger cars in India. The joint venture will focus on localising the production, offering comprehensive solutions ranging from design and development to the manufacturing of sunroofs for passenger vehicles. According to the company's statement, the sunroof market in India is poised for significant growth, with consumer preferences shifting towards premium features. It is anticipated that the market for sunroofs in India will expand to USD 500 – USD 600 million by 2030.
Aakash Minda, Executive Director of Minda Corporation, expressed enthusiasm about the collaboration, stating, “We are thrilled to partner with HCMF, a global leader in automotive Sunroof and Closure systems. This venture aligns with our vision to deliver advanced products and technologies in the vehicle access space, particularly for passenger cars, thereby increasing the Content per vehicle. As consumer demands evolve and the desire for premium features grows, the market for Sunroof and other advanced vehicle access products is expected to undergo substantial growth. Our continuous dedication to introducing new and advanced technology products will drive our future growth. This collaboration positions Spark Minda at the forefront by offering localised solutions.”
Hsi Chi Ming, CEO and President of HCMF, shared his optimism, stating, “The Indian automobile industry is experiencing rapid growth due to increasing affluence and demand for premium products. We are excited to enter one of the world’s largest automotive markets in collaboration with Spark Minda, the leading automotive solution provider in India. HCMF is confident that this partnership will effectively combine the strengths of both organisations and establish a robust presence in the rapidly expanding sunroof and closure systems market in the country.”
HCMF, established in 1961 and headquartered in Taiwan, is known for providing cost-competitive innovative products globally. The company operates in various product categories, including Roof System, Comfort Closure System, Door and Closure Mechanical System, Seat System, and Mechanical and Mechatronic System. With 29 sales, technical, and manufacturing facilities worldwide, HCMF has a strong global presence.
Source: auto.economictimes
Spark Minda
HCMF
Sunroof Solutions
India
Automotive Components
Joint Venture
Minda Corp
HSIN Chong Machinery Works (HCMF)
Taiwan
Related Stories
Electrical & Electronics
Coal India and UPRVUNL to build 500 MW solar plant
Last month, CIL had also signed a pact with Damodar Valley Corporation (DVC) to set up a Rs 165 billion ultra-supercritical thermal power plant in Jharkhand, emphasising its commitment to high-effic..
Read moreMachine Tools & Accessories
Aluminium sector resilient amid tariff shifts
With nearly half of India's primary aluminium production exported globally, competition may intensify in traditional markets as other exporters divert supplies due to US restrictions.
Read morePolicy Regulation
India–UK FTA: Major tariff cuts announced in historic trade pact
Automobile imports from the UK, which currently attract over 100% duty, will see tariffs reduced to 10% under a quota-based system.
Read moreRelated Products
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
