Tashkent, Uzbekistan (UzDaily.com) -- India’s auto components maker Minda Industries will acquire 51% stake in Uzbekistan-based automotive lighting manufacture UZ Chasys for 83.1 billion soums.

The company has won the bid to acquire a 51 per cent stake in UZ Chasys in Uzbekistan for a purchase consideration of 83.1 billion soums.

UzChasys specialises in manufacturing automobile headlights and lamps. It is a leading supplier to original equipment manufacturers (OEMs) in Uzbekistan and has significant exports as well.

The Uzbekistan automotive market is expected to grow significantly in coming years along with the introduction of new models which will benefit UZ Chasys.