Minda Corporation Limited, the flagship firm of Spark Minda group has introduced the Technology License Agreement (TLA) with LocoNav for white-labelling of Telematics Software for each Web & Android/iOS platforms on November 21, 2022.

Spark Minda will combine LocoNav developed software program with its inhouse developed telematic gadgets to supply OEMs with an entire resolution. This unique collaboration will allow Spark Minda to be forward of know-how curve with customised options to swimsuit Indian OEM’s.

As a part of the alliance, LocoNav would be the know-how associate for telematic techniques to Spark Minda and shall present with white labelled software program. LocoNav would additionally help Spark Minda in software program customizations and different help every so often and supply cellular software person interface.

Commenting on the TLA, Aakash Minda, Executive Director – Minda Corporation mentioned, Connectivity of autos is likely one of the main traits within the automotive business and an entire telematics resolution lies on the coronary heart of this mega development. We at Spark Minda have taken a step ahead to supply Indian OEMs with domestically developed telematics options (utilizing domestically made {hardware} and software program), which might guarantee 24*7 connectivity of the autos.

We imagine the partnership with LocoNav will assist us strengthen our current relationship with the main OEMs by integrating LocoNav’s proprietary telematics software program into Spark Minda gadgets making us “a complete mobility solution provider”. This will even assist us increase our product portfolio with current clients and purchase new clients.”

On Wednesday early morning commerce, Minda Corporation Ltd is at present buying and selling at Rs205.90 per share down by Rs0.1 or 0.05% from its earlier closing of Rs206 per share on the BSE.