The JV will focus on the Indian market which holds immense promise
Elconconnectors Cables Pvt Ltd has formed a joint venture (JV) with Indonesia-based PT Banshu Group and PT Askara Internal to manufacture automotive wiring harness in India. The joint venture company will be called Elcom Banshu Wiring System Pvt (EBWS) that will set up a state-of-the-art 45,000 sq ft manufacturing facility in Greater Noida. The company said the new facility will house a R&D centre.
Speaking at the JV agreement-signing ceremony, Deddy Harsono, Owner & Director, Banshu, Indonesia, said there will be a huge potential for wiring harness manufacturers owing to the BS VI regulations. He hoped that Banshu’s rich experience in making wiring harness will drive mutual growth opportunities through this JV.
Vishal Sharma, Managing Director, Elconconnectors Cables Pvt Ltd, said the JV will go a long way in meeting the growing demand for wiring harnesses.
The JV entity intends to manufacturing wiring harness in a phase manner – first it will focus on the two-wheeler segment, followed by the commercial vehicle segment and the passenger vehicle and construction equipment segments.