Mar 29, 2012, 12.25 PM IST | Source: Overdrive Magazine
Pricol and Johnson Controls come together for a JV ohan
Leading automotive components manufacturer Johnson Controls and automotive instrument cluster supplier Pricol Limited have joined hands to form Johnson Controls Pricol Private Limited. The 50:50 joint venture will use Pricol's Pune manufacturing plant as its base and it will develop and manufacture instrument clusters, displays and body electronics for both car and motorcycle manufacturers in India.
Jeff DeBest, group vice president and general manager electronics for Johnson Controls Automotive Experience said, This new partnership combines the expertise and capabilities of Johnson Controls and Pricol to create a unique value proposition for our customers and differentiation in the industry.
Vijay Mohan, chairman of Pricol said, Johnson Controls brings their world-class product development capabilities, global purchasing relationships and access to global customer relationships to this joint venture, which will help Pricol to strengthen our leading market position in India.
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Mkt at its peak, see good correction before Jan 31: Quantum