Havells India partners with Hyundai Electric for magnetic contactors

Havells India entered into an agreement with Hyundai Electric & Energy Systems for technology know-how and a license to manufacture and market magnetic contactors under the Havells brand. Havells will also invest about ₹64 crore in brownfield expansion of its Sahibabad plant.

“This strategic alliance is in sync with the government's 'Make in India' initiative as it will not only fortify Havells position as a strong manufacturing base for global procurement, but will also reinforce the company's commitment to manufacture quality acclaimed products.”thehindubusinessline.com

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• thehindubusinessline.comHavells India inks pact with Hyundai Electric for magnetic contactors - The HinduBusinessLineThe HinduBusinessLineMar 14, 2018

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