Autoline Signs MoU With Tae Sung, Korea
Autoline Industries Limited entered into a Memorandum of Understanding with T. S. ENG. CO. LTD, Korea ("Tae Sung") on April 19, 2018, for getting technical assistance for low-cost manufacturing of stamping die, prototype parts, pedal box, automotive camera etc. and to collaborate with Tae Sung for the development of products as well as markets local and overseas. Tae Sung Group is the Forefront Enterprise for Automotive, Die and Electronics Stamping Part Design, Manufacture & Supply in the World and First Grade Supplier to the various Original Equipment Manufacturers (OEMs).
Both the parties, after getting success in technical collaboration, may proceed to set up a joint venture. The discussion is going on to finalize the technical assistance agreement.