Ashok Minda Group forms JV with US firm
Spark Minda, Ashok Minda Group has formed a joint venture (JV) with the US-based Vehicle Access Systems Technology (VAST) to widen global presence. The 50:50 JV is between Minda Management Services Ltd - an affiliate of Minda Corporation and Spark Minda, Ashok Minda Group - and the VAST Group.

The new entity, Minda VAST Access Systems Pvt Ltd (Minda VAST) will have operations in Pune and Delhi-NCR, according to the company.

VAST will support to the JV for locksets, steering column locks, latches, strikers, socket bows, handles, immobilises, passive entry, start systems, ignition switches, hinges and power access, among others. The JV is expected to be a catalyst for the future growth of Spark Minda, Ashok Minda Group.