Auto components maker Pricol approved a corporate restructuring to spin off its driver information and connected vehicle solutions business into a new entity, Pricol Autotech, according to The Economic Times.
The demerger separates the connected-vehicle division into its own company. Corporate restructurings of this kind aim to sharpen focus and unlock value across business lines.
The report documents the approval of the plan. It reflects Pricol’s reorganization of its operations.
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Sources:
https://auto.economictimes.indiatimes.com/news/auto-technology/pricol-to-demerge-driver-information-connected-vehicle-solutions-business-into-pricol-autotech/132034760