# 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.

- Type: Partnership
- Announced: 2018-03-14
- Where: Sahibabad, India, India
- Value: $9.80M (640.0M INR)
- Status: announced
- Products: magnetic contactors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Havells India Limited](https://endata.com/companies/22323.md)
- [Hyundai Electric & Energy Systems](https://endata.com/companies/27685.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/news/havells-india-inks-pact-with-hyundai-electric-for-magnetic-contactors/article23246109.ece), 2018-03-14: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.