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The agreement centres on building a commercial framework to recover and reuse automotive materials.
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Despite weak local sales, demand from the US remains strong.
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New NEV models and the launch of the Yijin brand to drive growth.
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Market underpinned by strong truck sales.
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Decision exposes divisions on the board with Pirelli Chinese shareholder Sinochem's spin-off proposal opposed by other shareholders.
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The two companies plan to develop digital twin-based methods for testing vehicle software, including systems such as telematics units.
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The US-based semiconductor corporation said the cooperation will focus on evaluating advanced in-vehicle network solutions.
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The Japanese automotive supplier said the funds will be channelled through its Indian unit, AHL, to meet what it described as rising passenger-vehicle demand for automatic transmissions.
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