Minda Corporation has agreed to form a joint venture with Taiwanese manufacturer HSIN Chong Machinery Works (HCMF) to provide automotive sunroof solutions. The partnership aims to offer advanced technology and localized manufacturing of sunroof and closure technology products for passenger cars in India.
The joint venture will cover the design, development, and manufacturing of sunroofs for passenger vehicles. The market for sunroofs in India is expected to reach USD 500-600 million by 2030, driven by changing consumer preferences for premiumization. Minda Corporation’s commitment to providing high-quality products in the passenger segment and vehicle access space is expected to drive the partnership. This collaboration will help Spark Minda stay at the forefront by offering localized solutions.
Minda Corporation’s Executive Director, Aakash Minda, expressed excitement about the collaboration and its alignment with its vision to offer advanced products and technologies in the vehicle access space, particularly for passenger cars. The market for sunroofs and other advanced vehicle access products is expected to grow multifold in the years to come.
