Ituran Location and Control (ITRN) said Wednesday its joint venture in India, Lumax Ituran Telematics, has completed a validation and trial period for telematic devices with Daimler India Commercial Vehicles.
Daimler India Commercial Vehicles tested Ituran's devices in over 15,000 vehicles operating in the country and the JV expects to continue selling "tens of thousands" of the devices per year to the company, Ituran said.
Financial details weren't provided.
Ituran and Lumax Auto Technologies each own a 50% stake in the Lumax Ituran Telematics, Ituran said.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。