Pricol Limited (BSE: 540293; NSE: PRICOLLTD), one of India's leading automotive technology companies, announced a technology and supply partnership with Heilongjiang Tianyouwei Electronics Co Ltd, (TYW), a company duly incorporated under the laws of People's Republic of China for advanced technologies in Driver Information System Solutions for Indian vehicle makers across various vehicle segments.
Pricol has entered into a Co-operation Agreement for Technology and Supply of Parts and Systems with TYW for advanced technologies in Driver Information System Solutions including e-cockpit, Heads up Display (HUD), etc. TYW will support Pricol exclusively on the projects identified for such advance technologies in Driver Information System for various vehicle segments in Indian market. In addition to the technology, Pricol will source components and/or sub-assemblies from TYW as part of the supply arrangement.
Commenting on the partnership, Mr. Vikram Mohan, Managing Director, Pricol Limited said, This partnership with TYW is a testament to our commitment to driving innovation in the Indian automotive sector. We are confident that our efforts will help in providing state-of-the-art solutions in the Driver information system space, where Pricol has a dominant position in Indian market. Pricol's domain expertise combined with TYW's technological prowess marks a significant step towards achieving a vision of enhancing the driving experience for Indian Customers."
Shares of Pricol Limited was last trading in BSE at Rs. 328.05 as compared to the previous close of Rs. 329.10. The total number of shares traded during the day was 31962 in over 1386 trades.
The stock hit an intraday high of Rs. 335.20 and intraday low of 326.90. The net turnover during the day was Rs. 10539577.00.