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Automotive Product Finder Magazine | Sandhar forms JV with Korea’s Hanshin Corp for data cables
Sandhar forms JV with Korea’s Hanshin Corp for data cables
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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.
Koreas Hanshin Corp
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