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Havells India inks MoU with Hyundai Electric & Energy Systems

14 Nov 2017 Evaluate

Havells India has inked a Memorandum  of  Understanding  (MoU) with Korea based Hyundai Electric & Energy Systems Co. to  mutually  explore  and  supply  low  and  medium voltage protection and switching devices.

Under the agreement, Hyundai Electric will supply low and medium voltage protection and switching devices to Havells as Brand labeling.  Hyundai  Electric  will  also  grant  manufacturing  license  and technology  transfer  for  low?capacity  Magnetic  Contactors  (MC)  and  Molded  Case  Circuit  Breakers (MCCBs)  to  Havells.  Havells  will  supply  equipment  such  as  Miniature  Circuit  Breakers  (MCBs)  & Magnetic  Contactors  (MC)  to  Hyundai  Electric.  Both companies will cooperate for localization and customization of products.

Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables&  Wires,  Motors,  Fans,  Power  Capacitors,  Luminaires  for  Domestic,  Commercial  & Industrial applications, Modular Switches etc.


Peers
Company Name CMP
Waaree Energies 2491.80
Apar Industries 17767.45
Havells India 1095.00
Suzlon Energy 40.78
Siemens 3874.65
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