Mumbai-based Remsons Industries Ltd., a pioneer in Cables & Shifters for automotive industry, has entered into a 50:50 joint venture with Istanbul-based Daiichi Infotainment Systems which is poised to redefine the landscape of automotive electronics.
This collaboration brings together the expertise and resources of two industry-leading entities, Daiichi and Remsons, to pioneer innovative solutions that will drive the future of mobility, the companies said.
“As automotive technology continues to evolve at an unprecedented pace, our joint venture stands at the forefront of this revolution, committed to delivering cutting-edge electronic systems and components that will shape the vehicles of tomorrow. Leveraging the combined strengths of Daiichi’s proven track record in design and manufacturing and Remsons deep automotive industry experience and market presence, we are poised to create synergies that will propel us to new heights of success,” Amit Srivastava, Remsons Group CEO, said.
Daiichi is part of “Dogan Group, one of the largest conglomerates in Turkey with a Revenue of USD 2 billion and 4000+ employees”.
Daiichi, headquartered in Istanbul, Turkey, with over 3.50 Lakh Sq. Ft for Manufacturing, operates with a strong team of 1500+ employees at technical centres, manufacturing sites and customer support services globally. They are OEM to Stellantis Group, Hyundai, Ford, Daimler, IVECO, Navistar, VW, Mahindra, ISUZU.
“Our joint venture will focus on developing advanced electronics solutions tailored to meet the demands of next-generation vehicles, including infotainment systems, Digital Clusters, rear view cameras, USB chargers, Shark Fin Antennas, AVAS system, DMS. Through a collaborative approach that prioritizes innovation, reliability, and sustainability, we aim to empower automakers with the tools they need to drive progress and enhance the driving experience for Indian markets,” Srivastava said.
India’s automotive electronics market is likely to cross USD 18 billion by 2027 from USD 6 billion in 2020 with a CAGR of 17%
