Date:06/01/2005 URL: http://www.thehindubusinessline.com/2005/01/06/stories/2005010602550200.htm

Back Minda sets up European operations

Our Bureau

NEW DELHI: Automotive security systems major Minda Huf Ltd has announced the setting up of its European operations in the Netherlands under the name of Mind Huf Europe B.V.

The move is aimed to cater to the growing requirements of its European customers such as Piaggio, Peugeot, Ducati, and Aprilia among others. The new set-up would provide logistics, business development, engineering and quality support to its customers. At present, the company claims to be catering to 50 per cent of the European two-wheeler market.

The European subsidiary would contribute about half of Minda Huf's existing export turnover of Rs 40 crore.