Minda forms JV with Chinese firm for auto components
Auto component maker Spark Minda group flagship firm, Minda Corporation Ltd has formed a joint venture (JV)with China's Shandong Beiqi Hai Hua Automobile Parts Co (SBHAP). The 50:50 joint venture (JV), to be known asMinda China Plastic Solutions Ltd, is being formed between Minda KTSN, a 100% subsidiary of Minda Corp and the Chinese partner, the company said in a BSE filing.
The total investment of the JV will be $1.25 million (around Rs 8.35 crore). The total registered capital of the JV would be USD 0.5 million of which, Minda KTSN and SBHAP, a BAIC group subsidiary, shall contribute for 50 % of the equity interest in the JV from both parties, the company said in the filing.
So let's do:
1. Auto component maker Spark Minda group flagship firm, Minda Corporation Ltd has formed a joint venture with which compny for auto components?