Heilongjiang Tianyouwei Electronics (TYW) is in the business of manufacturing driver information system, control panels, e-cockpit solutions and displays for automotive and industrial applications. The company is China's one of the largest driver information system manufacturers supplying to various OEMs globally.

This agreement will enable Pricol and Heilongjiang Tianyouwei Electronics to closely work with each other through technology transfer and supply partnership in order to provide advance technologies in driver information system solutions for Indian vehicle makers across various vehicle segments.

Vikram Mohan, managing director, Pricol, said, “This partnership with TYW is a testament to our commitment to driving innovation in the Indian automotive sector.

We are confident that our efforts will help in providing state-of-the-art solutions in the Driver information system space, where Pricol has a dominant position in Indian market.

Pricol's domain expertise combined with TYW's technological prowess marks a significant step towards achieving a vision of enhancing the driving experience for Indian customers."

Pricol is manufactures automotive components for motorcycles, scooters, cars, trucks, buses, tractors and Off-road vehicles used in the construction and Industrial segment. Pricol also manufacture sintered components and products for fleet management.

The auto components & equipments compnay net profit increased 62.7% to Rs 26.74 crore in Q1 FY24 as compared with Rs 16.44 crore in Q1 FY23. Total income increased 21.1% to Rs 517.75 crore during the quarter as compared with Rs 427.48 crore recorded in corresponding quarter last year.