Indian auto component supplier Sandhar Technologies has entered into a joint venture with South Korean firm Winnercom to manufacture and sell electronic parts and accesories for the automotive industry in India.
The 50:50 JV will include production of shark fin antenna and micro pole antenna and other products for the four-wheeler segment.
As per the company release, the signing of JV marks Sandhar’ s entry into the connected car devices market which is estimated to be worth 57.15 billion USD by 2021 driven largely by government regulations for safety and increasing electrification of vehicles and currently dominated by the world’s major auto component players.
This JV will help the Indian Auto majors in sourcing International quality products at a cheaper price, the company said in the statement.
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