Global Automotive Component manufacturer “Spark Minda, Ashok
Minda Group” has entered into a Joint Venture partnership with “Vehicle
Access Systems Technology Llc.(VAST)”, USA, a group with a global presence
as valued supplier of strategic vehicle access components and systems to
targeted global customers and known for “Key solutions for automotive world”.
This joint venture entity between two groups named as Minda
VAST Access Systems Private Limited (“Minda VAST”) will have operations
in Pune and Delhi-NCR.
VAST, USA
is a highly qualified, global supplier of security/ access control products
for the motor vehicle industry. It will support to the Joint Venture for - the
locksets, steering column locks, latches, strikers, socket bows, handles,
immobilizers, passive entry, start systems, ignition switches, hinges, power
access etc. With approx. 1.2 bn USD in sales and around 8,000 employees,
VAST is one of the global market leaders in the access systems business. The
manufacturing facilities are based at Germany, Mexico, Czech Republic, US,
China and Brazil. The Group is an alliance of three Member Organizations and
related operating entities that is directed by a single management team in
order to effectively serve global customers. The Member Organizations of VAST
are WITTE Automotive from Velbert/ Germany, STRATTEC Security Corporation from
Milwaukee/ WI and ADAC Automotive from Grand Rapids/ MI (both USA).
The Joint Venture is a 50:50
partnership between VAST Group and Minda Management Services Limited, an
affiliate of Minda Corporation Limited and Spark Minda, Ashok Minda Group of
New Delhi, India. The new collaboration is expected to further strengthen the
partnership between the two groups.
Mr. Ashok Minda, GCEO, Spark Minda, Ashok Minda Group said, “We are delighted
to have partnered with VAST. The strategic alliance is step towards ensuring
support to meet the expectation of targeted and strategic customers. VAST’s
global presence will help us to reach out to more areas and expand our base &
offer new technology with latest products to our Customers”.
Mr Ashok Minda further commented that this Joint Venture will act
as a catalyst for the future growth of Spark Minda, Ashok Minda Group.
On this Joint Venture, Mr.
Frank Krejci, President & CEO of STRATTEC commented: “We are very
excited to join a partner with the history of success and capabilities of Spark
Minda and its
affiliates. We view them as a leading company in the Indian market and
they have also been very effective in playing an important role in supporting
global programs.”
About Spark Minda, Ashok Minda Group
Spark Minda, Ashok Minda Group is one of the leading manufacturers
of automotive components for the OEMs. The US $500 Million Group, with 11,200
employees is catering to the leading two and four wheeler vehicle manufacturers
in India & overseas markets including Europe, CIS & ASEAN countries.
The Group has significant presence with 27 plants in India and 6 plants in
overseas locations including Germany, Poland, Czech Republic, Indonesia,
Vietnam, Uzbekistan & offices in Russia and Japan.
The Group is engaged in the manufacturing of three major Systems:
1. Safety, Security & Restraint Systems (Ignition Locks, Door Locks, Immobilizers, Latches, Door Handles, Power Closure System, Passive Entry Systems, Key Duplicating Machines, Die Cast Parts - Zinc, Aluminum & Gravity)
2. Driver Information & Telematics Systems (Instrument Clusters, Digital Clocks, Sensors, Gauges, Tank Units, Dash Board Assemblies, Wiring Harness, Couplers, Terminals, Junction Boxes, Relay Boxes, Steering Roll Connectors & Battery Cables).
3. Interiors System (Consoles, Ashtrays, Cup Holders, Seat Headrest, Side Arms, Door Trims, Oil Housing, Tank Closure Modules, Back Panels, Glove Box, Air Ducts, Fans, NVH & Components).
The Group is engaged in the manufacturing of three major Systems:
1. Safety, Security & Restraint Systems (Ignition Locks, Door Locks, Immobilizers, Latches, Door Handles, Power Closure System, Passive Entry Systems, Key Duplicating Machines, Die Cast Parts - Zinc, Aluminum & Gravity)
2. Driver Information & Telematics Systems (Instrument Clusters, Digital Clocks, Sensors, Gauges, Tank Units, Dash Board Assemblies, Wiring Harness, Couplers, Terminals, Junction Boxes, Relay Boxes, Steering Roll Connectors & Battery Cables).
3. Interiors System (Consoles, Ashtrays, Cup Holders, Seat Headrest, Side Arms, Door Trims, Oil Housing, Tank Closure Modules, Back Panels, Glove Box, Air Ducts, Fans, NVH & Components).
4.
Aftermarket: The distribution arm of the Group caters to all the segments of 2
wheelers, 4 wheelers, Tractors & Commercial Vehicles while ensuring timely
execution and delivery.
The Group has a fully integrated state of the art in house Product
Designing Cell, Tool Manufacturing, Manufacturing Engineering and Test labs
facilities. Many patents have been registered in each category of the systems.
All Group manufacturing facilities are ISO/TS-16949 & ISO–14001 certified.
The
Group is also actively involved and focused towards Corporate Social Responsibility.
Under this initiative various programs at Societal and Business level are
undertaken.
Plz visit www.minda.co.in <http://www.minda.co.in> for more information.
Plz visit www.minda.co.in <http://www.minda.co.in> for more information.
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