Sandhar enters JV with Hanshin Corporation

Sandhar enters JV with Hanshin Corporation

30.07.2019

  • Home
  • >
  • Media
  • >
  • News
  • >
  • Sandhar enters JV with Hanshin Corporation

Sandhar Technologies Ltd., a diversified auto component manufacturing company, with multiple technology platforms and product lines, signed a Joint Venture agreement with Hanshin Corporation (Republic of Korea) in the presence of several of our joint venture Partners, recently.

S C Lee, Director, Daeshin Machinery Ind. Co., Ltd; D O You, Chairman, Daewha Fuel Pump Ind. Ltd.; Y K Cho, President ,Hansung I.M.P. Co., Ltd.; M J Lee, Representative Director, Hanshin Corporation; Jayant Davar, Co-Chairman and MD Sandhar Technologies Ltd.; M S Sung, President, Kwangsung Corporation Ltd.; Arvind Joshi Whole Time Director, CFO and company secretary, Sandhar Technologies Ltd.; Niraj Hans COO, Sandhar Automotives, J H Lee, Advisor Sandhar Technologies ltd. And K Y Lee, Director, Hanshin Corporation)

The joint venture is being established for manufacturing and selling, futuristic high end data cables for the automotive industry in India which would include Radio Cable, AV/NAVI Cable, GPS/DMB Cable, USB Cable, AVM Cable and others for the four-wheeler segment

This joint venture is yet another step towards expanding Sandhar’s presence into the lucrative connected car devices market through the ever expanding automotive wiring harness market which is estimated to be around USD 80 billion in 2019 and projected to reach USD 120 billion by 2025 including the wires, connectors and terminals and would be a key component of the futuristic Electric Vehicle communication controllers. The market for such components are driven by rising trend of integration of advanced features for increasing driving experience and growing demand for electric vehicles. The JV company will have its production unit in Bengaluru and is expected to commence commercial production and supplies by 4th quarter of FY 19-20.

To follow the story click here..
http://autocomponentsindia.com/sandhar-enters-jv-with-hanshin-corporation/

Related Articles
Source: Auto Carpro 19.02.2020
Sandhar-Whetron inaugurates new parking sensor lin...

Sandhar-Whetron inaugurated its first facility for the assembly and testing of rear parking assistance system (RPAS), which was made mandatory under the AIS-145 regulations for all new passenger vehicle models in India.

News
Source: Economic Times 31.01.2020
CEO’s take on 2020: Looking forward to technology ...

Heading into the new year, ETAuto reads the mind of top CEO's to showcase their strategic path in 2020

Collaboration Is The Way Forward For Any Automotive Component Player
Source: Auto Tech Review 13.08.2019
Collaboration Is The Way Forward For Any Automotiv...

Over the years, Sandhar Technologies has been consistently focussing on passive safety and is now keen to foray into the active safety space.