MUMBAI, Jan 27 (Reuters) - Indian auto parts maker Motherson Sumi Systems Ltd. said on Friday it would set up a joint venture with Baida AG to make mobile phone parts and accessories, with an investment of $10 million.
The joint venture, in which Motherson will own 40 percent, is expected to have revenues of $18 million in the year 2006/07, Motherson said in a statement.
The plant will be located in the southern Indian city of Chennai.
Shares in Motherson jumped ...
Sign in to access
this Article
"Motherson Sumi to set up $10 mln cellphone venture" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
