ITURAN'S JV IN INDIA COMPLETES SUCCESSFUL VALIDATION WITH DAIMLER INDIA COMMERCIAL VEHICLES FOR ITS CONNECTED TELEMATIC DEVICES
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Ituran Location and Control Ltd. (Nasdaq: ITRN) announced that its joint venture in India, Lumax Ituran Telematics Pvt Ltd., has completed successful validation with Daimler India Commercial Vehicles for its connected telematic devices.
December 04, 2024 | 1:15 pm
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POSITIVE IMPACT
Ituran's joint venture in India has successfully validated its telematic devices with Daimler India Commercial Vehicles, indicating potential growth and expansion in the telematics market.
The successful validation of telematic devices with a major player like Daimler India suggests potential for increased business and market expansion for Ituran, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
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