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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.


Havells India Share Price

1328.20 27.90 (2.15%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1328.20
Siemens 3718.90
Apar Inds 11713.20
ABB India 7254.80
Waaree Energies 3474.00
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