Sandhar Technologies has signed a Joint Venture agreement with Hanshin Corporation, Korea, 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. With is JV, Sandhar expands its presence in the connected car devices market. The automotive wiring harness market 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 communication controllers. The JV company will have its production unit in Bengaluru and is expected to commence commercial production and supplies by the fourth quarter of FY20.
Founded in 1985, the Sandhar Group is a fast-growing auto component major with around 9000 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. Its customers include Chevrolet, Hyundai, Kia, Leoni, Delphi, Winnercom among others.