AI assistant
UNO Minda Limited — Capital/Financing Update 2022
Dec 20, 2022
61248_rns_2022-12-20_16b3a582-0333-4422-a5f6-0159300ebdc9.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [294 x 40] intentionally omitted <==
----- Start of picture text ----- Ul [t•)][I ][MINDA][)]Press Release -.:, lVINGI THE NEW------ End of picture text -----
Uno Minda enters into Technical License agreement with Ascentec, Korea to strengthen its advance automotive sensors product portfolio
New Delhi, 20[th ] December 2022: Uno Minda Limited ("Uno Minda") (formerly known as Minda Industries Limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers ("OEMs") has announced that it has entered into Technical License agreement with Asentec Co Ltd. ("Asentec") of Korea, a leading global supplier of Automotive sensors and actuators, to design, develop, manufacture and market wheel speed sensors in India.
Asentec, a subsidiary of Sejong Industrial, specialises in mobility parts centered on sensors and actuators with manufacturing facilities in Korea, Vietnam and China. Asentec is leading suppliers to OEMs in Korea and international market.
Uno Minda had set up separate division for Automotive Sensors few years back considering the rising demand of the evolving technology in Sensor space. SensQr division has come a long way since its inception with manufacturing of Engine and Exhaust Sensors, Transmission& Suspension Sensors and active safety and comfort sensors among others. The current partnership with Asentec will further strengthen its advance sensors product portfolio.
==> picture [212 x 82] intentionally omitted <==
==> picture [109 x 26] intentionally omitted <==
----- Start of picture text ----- Tarun Kumar Digitally signed by Tarun Kumar SrivastavaSrivastava Date: 2022.12.20 16:47:59 +05'30'----- End of picture text -----
111t•)( [MINDA]] Press Release ---;:) lVING THE NEW-
About Uno Minda Limited:
Uno Minda Limited (formerly Minda Industries Limited) is a leading global supplier of proprietary automotive solutions and systems to OEMs as Tier-1. Incepted in 1958, It is one of the leading manufacturers of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems and alloy wheels in India. It manufactures and supplies over 20 categories of automotive components and systems to leading Indian and international OEMs based in India, Asia, South and North America and Europe. It has a leadership position in India in almost all the products it manufactures. Technology and innovation are the two strong pillars of the organisation, on the basis of which it has continued to lead the emerging trends in the automotive sector, over the past few decades.
The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, and Mexico, as well as R&D Centres in India, Germany & Spain. It has over 72 manufacturing plants globally and has JVs/Technical Agreements with world renowned manufacturers from Germany, Korea, Japan etc.
For more information about the Group and its businesses, please visit the website at http:/www. unominda .com
| Forfurther information/Mediaqueriesplease contact | Forfurther information/Mediaqueriesplease contact | |
|---|---|---|
| Inkur Modi | Medha Rani | |
| Head-Corporate Finance&Communication | Deputy Lead-Corporate Communication | |
| Uno Minda Limited | Uno Minda Limited | |
| (Formerly Minda Industries Limited) | (Formerly Minda Industries Limited) | |
| Email id:[email protected] | Email id:[email protected] | |
| aI | https:/twitter.com/unomindacomhttps:/www.linkedin.com/company/unominda�a | https://www.facebook.com/unomindagroup |
|---|---|---|
| http://youtube.com/c/unomindagroup |
Safe Harbor: This document may contain forward-looking statements about Uno Minda Ltd & its subsidiaries, which are based on the beliefs, opinions and expectations of the company's management as of the date of this press release and the companies do not assume any obligation to update their forward looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements. For historical financial performance, please refer Investor Relations section on the Company website www.unominda.com
==> picture [212 x 74] intentionally omitted <==
----- Start of picture text ----- Tarun Kumar Srivastava Digitally signed by Tarun Kumar Srivastava Date: 2022.12.20 16:48:29 +05'30'----- End of picture text -----