In regulatory exchange filing Minda Corporation has informed exchanges about entering into Technology Licence agreement (TLA) with LocoNav for white-labelling of Telematics Software for both Web & Android/iOS platforms. Spark Minda will integrate LocoNav developed software with its inhouse developed telematic devices to provide OEMs with a complete solution.
Company is steadily stepping up its presence in technology space with robust orderbook in EV space as well as licencing agreements in advanced technology domains like ADAS. With endeavour to grow ahead of industry by winning new clients as well as increase in content/vehicle, long term growth prospects at the company look robust.
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