Corporate News 13-Dec-17
Rico Auto Industries enters into JV agreement with Fairwood, Singapore
On 12 December 2017
Rico Auto Industries has signed the Joint Venture Agreement with Ultra Fairwood, Singapore on 12 December, 2017, to manufacture PODs (Autonomous Electric Vehicles to be run on dedicated track) for PRT (Personal Rapid Transport), GRT (Group Rapid Transport) or any variant thereof.
The shareholding in the JV will be in ratio of 50:50.
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