KA awarded EUR 12 mill. (NOK112 mill.) Shift By Wire contract in Japan
Kongsberg Automotive’s (KA) Driveline business area has received nomination from a Japanese OEM for the supply of Shift By wire shifters for B-segment cars to be sold in Asia.
The contract has an estimated total value of EUR 12 million (NOK112 million) over 6 years. Production under the contract will start at the end of 2017 from Kongsberg Automotive’s facility in Gurgaon, India.
“It’s very satisfying to win contracts from our Japanese customers for shift by wire technology. This is a key trend in a major market, and we see this technology as an important future growth area for KA”, said Joachim Magnusson, Executive Vice President for Kongsberg Automotive’s Driveline business.