Pricol says in JV talks for connected vehicles
The Hindu
Focus is on domestic market, says MD
Pricol is expected to announce joint ventures (JVs) in a couple of segments by the end of this fiscal year.
Vikram Mohan, MD, said the company, which hopes to be debt-free by March 2023, was in talks for JVs in areas such as sensors and connected vehicle solutions. “We are investing time in Internet of Things and connected vehicle solutions. We have also decided, to have a heavier play in sensors. Some joint ventures we are planning are in these segments. We will announce the joint ventures by the end of March 2022,” he said.
Pricol plans to start investing in phases in these ventures from September 2022 and the plants are expected to become fully operational by October 2023.
With increased terminal entry points (eGates) at Mumbai International airport from 24 to 68, which is the highest number of e-gates at kerbside or landside in the country, the expansion will enhance the airport’s processing capacity to an astounding 7,440 passengers per hour at Terminal 2 (T2) and 2,160 at T1