Mumbai-based Remsons Industries, a pioneer in Cables & Shifters for automotive industry, has entered into a 50:50 joint venture (JV) agreement with Istanbul-based Daiichi Infotainment Systems in the automotive electronics segment.

This collaboration brings together the expertise and resources of the two entities, particularly Daiichi’s track record in design and manufacturing and Remsons' automotive industry experience and market presence.

The synergies created will help deliver cutting-edge electronic systems and components.

The JV will focus on developing solutions which meet the requirements of next-generation vehicles, including infotainment systems, digital clusters, rear view cameras, USB chargers, shark fin antennas, AVAS system and DMS.

Istanbul-headquartered Daiichi is part of Dogan Group with a revenue of USD two billion.