New Delhi, May 28 (PTI) Tata AutoComp Systems Ltd on Thursday said it has entered into a joint venture with Korea's Jahwa Electronics to locally manufacture and supply advanced low-voltage and high-voltage PTC heaters used in electric and hybrid vehicles.
The joint venture positions India as a key strategic hub for Jahwa, leveraging localised low- and high-voltage PTC heaters to tap into booming EV and hybrid investments from global and domestic OEMs, a statement said.
Chanyong Kim, CEO Jahwa Electronics said: "With domestic automakers and global OEMs aggressively scaling investments in electrification, India's electric and hybrid vehicle markets are expanding rapidly. This is a critical juncture for us to establish a firm market entry foundation as a key supplier of both high-voltage and low-voltage PTCs.
"Forging this venture with Tata AutoComp is a deeply strategic decision; the Tata Group's formidable market influence, business scale, and exceptional corporate credibility ensure we secure a stable foothold and drive sustainable growth across the region."
Arvind Goel, Vice Chairman, Tata AutoComp Systems said: "I am confident that our partnership with Jahwa Electronics, a globally recognized leader in specialty electronic components, will help introduce innovative sustainable solutions to the evolving mobility landscape of India."
The joint venture positions India as a key strategic hub for Jahwa, leveraging localised low- and high-voltage PTC heaters to tap into booming EV and hybrid investments from global and domestic OEMs, a statement said.
Chanyong Kim, CEO Jahwa Electronics said: "With domestic automakers and global OEMs aggressively scaling investments in electrification, India's electric and hybrid vehicle markets are expanding rapidly. This is a critical juncture for us to establish a firm market entry foundation as a key supplier of both high-voltage and low-voltage PTCs.
"Forging this venture with Tata AutoComp is a deeply strategic decision; the Tata Group's formidable market influence, business scale, and exceptional corporate credibility ensure we secure a stable foothold and drive sustainable growth across the region."
Arvind Goel, Vice Chairman, Tata AutoComp Systems said: "I am confident that our partnership with Jahwa Electronics, a globally recognized leader in specialty electronic components, will help introduce innovative sustainable solutions to the evolving mobility landscape of India."
(This story has not been edited by THE WEEK and is auto-generated from PTI)
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