Minda Corp ties up with Korea’s Daesung Eltec for ADAS

Auto components maker Minda Corporation is collaborating with South Korea’s Daesung Eltec to bring next-generation advanced driver assistance systems to India. The two companies signed a technology licence and assistance agreement last week, Minda Corporation said in a statement. Through the collaboration, the partners will offer advanced driver assistance systems (ADAS) for passenger, commercial and off-road vehicles. These include around-view monitoring system (AVM), driver monitoring system (DMS), lane departure warning system (LDWS) and front collision warning system (FCWS). “ADAS is a critical, futuristic technology with early signs of its adoption already visible in the Indian market. Current estimates from leading car manufacturers project that ADAS features relating to autonomous driving will become almost ubiquitous in the next few years,” Minda Corporation executive director Aakash Minda said. Daesung Eltec brings more than four decades of rich experience in the automotive electronics industry, he said, adding the collaboration would enable Minda to be one of the early movers providing localised solutions in the domain. Daesung Eltec CEO Won Ghee Yang said, “The Indian automobile industry is steadily progressing towards an era where autonomous vehicles will become commonplace, making ADAS both relevant and necessary.” Under the collaboration, Daesung Eltec will support Minda with product design, development and validation and will also play a key role in process design, validation and manufacturing line set-up for ADAS systems. See also: Pune makes EV charging facilities mandatory for new buildingsVedanta-Foxconn expect new semiconductor factory breakeven in five years