India: Spark Minda signed a Technology License Agreement with LocoNav
Minda Corporation has announced a Technology License Agreement (TLA) with LocoNav for the white-labeling of telematics software for both web and Android/iOS platforms.
As per the agreement, Spark Minda will integrate LocoNav-developed software with its inhouse developed telematic devices to provide OEMs with a complete solution. This collaboration will enable Spark Minda to be ahead of the technology curve with customized solutions to suit the needs of Indian OEMs.
As part of the alliance, LocoNav will be the technology partner for telematic systems to Spark Minda and shall provide with white-labelled software. LocoNav would also assist Spark Minda in software customizations and other support from time to time and provide the mobile application user interface.
Aakash Minda, Executive Director – Minda Corporation said, “Connectivity of vehicles is one of the major trends in the automotive industry and a complete telematics solution lies at the heart of this mega trend. We at Spark Minda have taken a step forward to provide Indian OEMs with locally developed telematics solutions (using locally made hardware and software), which would ensure 24×7 connectivity of the vehicles. We believe the partnership with LocoNav will help us strengthen our existing relationship with the leading OEMs by integrating LocoNav’s proprietary telematics software into Spark Minda devices making us a complete mobility solution provider. This will also help us expand our product portfolio with existing customers and acquire new customers.”
Shridhar Gupta, Co-Founder, LocoNav said, “We firmly believe that LocoNav software solutions and Spark Minda’s expertise in manufacturing Telematics devices will bring in significant synergies for both the companies, making us a preferred choice for integrated telematics services, especially suited for Indian markets. Spark Minda’s decades-long relationships with all the major OEMs and LocoNav’s deep software expertise, will help in quicker scale-up for the association. This partnership would be beneficial to all stakeholders in the Indian automotive industry”.