2012 BEIJING AUTO SHOW

Geely, BAIC, Tata sign $500M in contracts with Harman

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April 23, 2012 - 1:01 pm ET

BEIJING (Reuters) -- Harman International Inc. said it signed more than $500 million worth agreements to provide in-car entertainment systems to three carmakers in China and India.

Harman will provide these systems to Volvo parent Geely Motors, BAIC Motors and India's Tata Motors Ltd., it said in statements released earlier today. 

The company -- which provides audio products for cars made by BMW, Audi, Daimler, Toyota, and Ferrari -- was in talks with Indian auto makers as part of its plans to expand in the emerging markets, Reuters reported last year.

The company said it was on track to record $1.5 billion in revenue in Brazil, Russia, India and China by 2015.

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