Uno Minda, AMS ink tech license agreement

Leading Indian auto components manufacturer, Uno Minda, NK Minda Group (headquartered at Manesar, Haryana) and AMS Co. Ltd., the Korean market leader for lighting systems (headquartered at Gyeongbuk, Korea) have entered into a Technical License Agreement (TLA) in India. The agreement was signed between Minda Industries Ltd., (MIL) Lighting Division and AMS Co. Ltd. at Manesar, Haryana; by Sang-Man Park, President, AMS and N.S. Warrier, CEO, MIL Lighting Division. The TLA has been signed for design, manufacture and sale of highly engineered Automotive Lamps. With this agreement AMS would provide technical support for design and development of headlamps, tail lamps, foglamps etc., both with conventional light sources, as well as new technologies such as LED light sources, for four wheeler OEMs in India and Indonesia. Commenting on the association, S. M. Park, President, AMS Company Ltd. said, “We were impressed with the professional capabilities and expanse of Uno Minda group. Their infrastructure and zeal to provide better value to OEMs is par excellence.” He further said, “India is a growing market for us and we are pleased to partner with Uno Minda to bring best practices to Indian OEMs and to explore and expand the markets within Asia.”