Latest News | Uno Minda, South Korea's Asentec Sign Pact for Design, Manufacturing of Wheel Speed Sensors

New Delhi, Dec 21 (PTI) Auto components maker Uno Minda Ltd on Wednesday said it has entered into a technical license agreement with South Korea's Asentec Co Ltd for design, development, manufacturing and marketing of wheel speed sensors in India.

The agreement with Asentec, a leading global supplier of automotive sensors and actuators, will strengthen the company's advanced automotive sensors product portfolio, Uno Minda said in a statement.

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The company had set up a separate division for automotive sensors a few years back, considering the rising demand of the evolving technology in sensor space, it added.

The division has come a long way since its inception with manufacturing of engine and exhaust sensors, transmission and suspension sensors and active safety and comfort sensors among others, it added.

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Asentec, a subsidiary of Sejong Industrial, specialises in mobility parts centred on sensors and actuators with manufacturing facilities in Korea, Vietnam and China.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)