On Monday the auto components maker Spark Minda, Ashok Minda Group has formed a joint venture with US-based Vehicle Access Systems Technology (VAST) aiming to widen global presence.

The 50:50 joint venture is between the VAST Group and Minda Management Services Ltd (an affiliate of Minda Corporation and Spark Minda, Ashok Minda Group). The new one, Minda VAST Access System Pvt Ltd will have its operations in Pune and Delhi-NCR, company said in a statement.

Ashok Minda, the group’s CEO said, “The strategic alliance is step towards ensuring support to meet the expectation of targeted and strategic customers. VAST’s global presence will help us to reach out to more areas and expand our base and offer new technology with latest products to our customers.” The JV will act as a catalyst for the future growth of Spark Minda, Ashok Minda Group he added.