Minda Corporation added 1.89% to Rs 102.55 after the corporate signed a strategic partnership with Israel based mostly firm for first distinctive collision avoidance know-how for two-wheelers in India.
In a regulatory submitting made throughout market hours right now, Minda Corporation introduced its partnership with Israel-based Ride Vision, a number one ADAS (rider help techniques) options firm, to deliver its vary of synthetic intelligence-enabled collision avoidance know-how merchandise for the Indian two-wheeler marketplace for making the Indian street extra safer.
Roads in India are identified to be very busy with quite a few automobile varieties, distinctive street conduct and difficult maneuverability and Ride Vision’s collision avoidance know-how has been uniquely constructed to deal with these challenges, particularly for 2 and three wheelers.
The product affords a number of options together with ahead collision alert, distance conserving alert, blind spot alert, harmful overtake alert, auto video recording, and many others which helps the rider to react in real-time to essential threats and keep away from accident and harm whereas on the street.
Minda’s nation-wide attain and robust market share will ensure that the product is efficiently integrated to the distinctive Indian market each as built-in into new motorbikes and within the aftermarket, to assist combat the two-wheeler accident and fatality statistics.
Minda Corporation is an automotive part manufacturing firm. The firm has a diversified product portfolio that encompasses mechatronics; info and related techniques and plastic and inside for auto OEMs. These merchandise cater to 2/three wheelers, passenger autos, industrial autos, off-roaders and after-market.
The firm’s consolidated web revenue jumped 18.97% to Rs 49.48 crore on a 36.10% enhance in web gross sales to Rs 739.80 crore in Q3 FY21 over Q3 FY20.
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