Minda Corporation surges 2 per cent on partnership with Ride Vision
Minda Corporation, which is a flagship company of Spark Minda, today announced its partnership with an Israel-based company named Ride Vision to bring its range of artificial intelligence-enabled collision avoidance technology (CAT) products in the Indian two-wheeler segment.
Roads in India are known to be busy with numerous vehicle types, unique road behaviour and challenging maneuverability. Ride Vision, a leading ADS (ride assistance systems) solution company has uniquely built the CAT product to address these challenges specifically for two and three-wheelers.
The product offers multiple features including forward collision alert, distance keeping alert, blind-spot alert, dangerous overtake alert, auto video recording, etc which will help the vehicle rider to react in real-time to critical threats; thus, avoiding any kind of accident and injury while on the road.
Spark Minda’s nation-wide reach and strong market share will make sure the product is successfully incorporated to the unique Indian market both as integrated into new motorbikes and in the aftermarket, to help fight the two-wheeler accident as well as improve the fatality statistics.
On Thursday at 12.05 pm, the share price of the company reacted positively and was trading 2.09 per cent higher at Rs 102.75 per share.