Remsons and Daiichi Forge 50:50 JV to Revolutionize Automotive Electronics Landscape

In a groundbreaking move, Remsons Industries Ltd., a trailblazer in Automotive Cables & Shifters, has entered into a 50:50 Joint Venture with Daiichi Infotainment Systems, marking a significant step towards reshaping the automotive electronics sector. This strategic alliance brings together the collective prowess of DAIICHI and REMSONS, aiming to spearhead innovative solutions that will shape the future of mobility.

"As automotive technology undergoes unprecedented evolution, our joint venture stands as a vanguard in this revolution, committed to delivering cutting-edge electronic systems and components that will define the vehicles of tomorrow. By harnessing the combined strengths of Daiichi’s proven design and manufacturing expertise and Remsons' deep automotive industry experience, we are set to create synergies propelling us to new heights of success," stated Amit Srivastava, Remsons Group CEO.

Daiichi, a part of the Dogan Group, one of Turkey's largest conglomerates with a revenue of USD 2 billion and 4000+ employees, is headquartered in Istanbul, Turkey. With over 3.50 lakh sq. ft for manufacturing, Daiichi operates globally with a robust team of 1500+ employees at technical centers, manufacturing sites, and customer support services. They serve as an OEM to prominent names such as Stellantis Group, Hyundai, Ford, Daimler, IVECO, Navistar, VW, Mahindra, and ISUZU.

"Our joint venture is set to focus on developing advanced electronics solutions customized to meet the demands of next-generation vehicles, including infotainment systems, Digital Clusters, rear-view cameras, USB chargers, Shark Fin Antennas, AVAS systems, and DMS. Through a collaborative approach prioritizing innovation, reliability, and sustainability, we aim to equip automakers with the tools needed to drive progress and enhance the driving experience in Indian markets," added Amit Srivastava.

India's automotive electronics market is projected to surpass $18 billion by 2027, witnessing substantial growth from $6 billion in 2020, with a remarkable CAGR of 17%.

About Remsons Industries Ltd. Remsons Industries Ltd. stands as a distinguished automotive OEM components manufacturer, catering to two, three, and four-wheeler vehicles, commercial vehicles, and off-highway vehicles across India and global automotive OEMs for the past 50 years. Headquartered in Mumbai, Remsons boasts state-of-the-art facilities in Gurgaon, Pune, Pardi, and Daman in India, along with a presence in Stourport, UK."