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Paragon AG Forms Strategic Alliance with AGS India
paragon GmbH & Co. KGaA has signed an agreement with the Indian automotive supplier AGS Visions Pvt Ltd., expanding their collaboration which began in April 2024. The deal aims to integrate their product portfolios, targeting significant growth in the Indian automotive market. paragon plans to offer its European and Chinese product lines in India with AGS's support. In return, AGS will provide its automotive electronics and lighting to the European and Chinese markets.
The agreement underscores the mutual belief in the potential of the Indian market. "India will become the new China," said Klaus Dieter Frers, CEO of paragon. The companies also plan to extend their cooperation to South Africa. Through this partnership, paragon now has a production facility in India, enhancing its global reach. Both companies aim to offer new technologies and products worldwide at competitive costs.
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