APAC AUTOMOTIVE TELEMATICS MARKET ANALYSIS

Key Developments

• In December 2022, OCTO Telematics opened a new office in Tokyo, Japan, to strengthen its presence in a key area for technology, robotics, and automation. The new Japan branch will support the development of the connected mobility market in Japan and nearby regions by providing technical and sales assistance to partners.
• In November 2022, Minda Corporation, the flagship company of the Spark Minda group, signed a technology license agreement with LocoNav. This agreement allows Minda Corporation to use LocoNav's telematics software under its own brand name. By partnering with LocoNav, Spark Minda aims to offer Original Equipment Manufacturers (OEMs) a complete solution by integrating LocoNav's software with its own telematic devices.