Taisys Invests $7.2 Million in ATrack to Revolutionize Indian Automotive Industry

Taisys, a Taiwan-based company, has invested $7.2 million in ATrack Technology Inc, a leader in automotive intelligence. This strategic investment aims to bring advanced automotive technologies to India. Both companies plan to enhance local manufacturing and global supply chains. The collaboration aligns with the 'Make in India' initiative.


PTI | Noida | Updated: 10-06-2024 12:12 IST | Created: 10-06-2024 12:12 IST
Taisys Invests $7.2 Million in ATrack to Revolutionize Indian Automotive Industry
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Noida, Uttar Pradesh – In a significant move to bolster the Indian automotive industry, Taiwan-headquartered Taisys has strategically invested $7.2 million in ATrack Technology Inc, an IPO company listed as TPEX:6465.

Founded in 2010 and publicly listed in 2015, ATrack is a front-runner in automotive intelligence, known for AI dashcams, ADAS, and other advanced technologies. This partnership positions ATrack to capitalize on Taisys' robust market presence in India.

This alliance also sets the stage for both companies to enhance local manufacturing and tap into India's burgeoning ecosystem for global supply chains. Jason Ho, Chairman of Taisys, emphasized the investment aligns with their vision of bringing global technologies to India.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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