Pricol partners with BOE Varitronix for optical bonding solutions in 2-wheeler and commercial vehicles

Automotive components maker Pricol Limited on Tuesday (September 30) said it has entered into a Memorandum of Understanding (MoU) with BOE Varitronix Limited, a Hong Kong–based company specialising in display technology, to establish an exclusive collaboration for localisation of the Optical Bonding of LCD/TFT displays in India.

The agreement covers applications across 2-wheelers, 3-wheelers, commercial vehicles, and off-road vehicles. The initial phase of the collaboration will focus on optical bonding (OCA), while subsequent phases may extend to backend assembly activities.

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The MoU is not a related party transaction, and no consideration is involved in this agreement. BOE, recognised as a leading provider of advanced display and optical bonding technologies, will work with Pricol to localise processes that are expected to enhance competitive advantage, reduce costs, and promote innovation in India.

Pricol stated that the collaboration is aimed at building localised capabilities in TFT optical bonding for instrument clusters, aligning with the company’s focus on cost efficiency and product innovation for the Indian automotive sector.

Shares of Pricol Ltd ended at ₹533.80, down by ₹4.40, or 0.82%, on the BSE.

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