Sandhar Technologies forms JV with Korea’s Hanshin Corp for data cables in auto

  • Industry News
  • Jul 31,19
JV will manufacture futuristic high end data cables for auto industry in India for the four-wheeler segment
Sandhar Technologies forms JV with Korea’s Hanshin Corp for data cables in auto

Gurugram, Haryana
 
The Gurugram-based Sandhar Technologies Ltd - a diversified auto component manufacturing company with multiple technology platforms and product lines – has formed a joint venture with Hanshin Corporation (Republic of Korea). The joint venture will manufacture and sell 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 $ 80 billion in 2019 and projected to reach $ 120 billion by 2025 including the wires, connectors and terminals and would be a key component of the futuristic electric vehicle (EV) 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 fourth quarter of FY 19-20.
 
Founded in 1985, the Sandhar Group is a fast growing auto component major with approximately 9,000 employees, 40 manufacturing plants and subsidiaries in Spain, Mexico and Poland.
 
Hanshin Corporation was established in 1990 and started production of Antennae pole for Daewoo in 1991. It is a renowned player in the field of high end data cables and around view monitoring harnesses for automobiles. Apart from two factories in Korea, it has a subsidary in China, and now through Sandhar JV will have its presence in India. Some of the end users and customers that Hanshin caters to include Chevrolet, Hyundai, Kia, Leoni, Delphi and Winnercom, among others.
 

Related Stories

Electrical & Electronics
Altair to showcase multi-disciplinary design strategies at Elecrama

Altair to showcase multi-disciplinary design strategies at Elecrama

American multinational IT company, Altair provides software and cloud solutions in simulation, HPC, and artificial intelligence areas. In this interview, Vishwanath Rao, Managing Director, and Manoj..

Read more
Electrical & Electronics
ELECRAMA 2023: Empowering growth in energy sector

ELECRAMA 2023: Empowering growth in energy sector

ELECRAMA brings together the complete spectrum of solutions that powers the planet from source to socket and everything in between. As one of the largest congregations of power sector ecosystem glob..

Read more
Auto & Auto Components
Union Minister inaugurates, ‘Towards Panchamrit’ to promote clean fuel

Union Minister inaugurates, ‘Towards Panchamrit’ to promote clean fuel

Minister for Heavy Industries Mahendra Nath Pandey inaugurated ‘Towards Panchamrit’—a conference and exposition on MHI schemes, with the view to promote clean energy fuel usage emphasising on ..

Read more

Related Products

Electric Vehicle Charger

AUTO COMPONENTS & ACCESSORIES

RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more

Request a Quote
Verified

Electric Vacuum Generators ECBPi

AUTO COMPONENTS & ACCESSORIES

The Schmalz CobotPump ECBPi has been tested and certified by Universal Robots and is therefore ideal for use with UR robots. Learn more about the intelligent vacuum generation with the Schmalz CobotPu Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back