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Project details
Auto-electrical component industry looking for a joint-venture/technical-collaboration partner
| Project region | India |
|---|---|
| Industry | Automotive |
| Total value of the target | N/A |
| Expected target net rate of return after deducting all taxes and fees | N/A |
| Validity period of pending order | 181 |
CONTACT ADVISOR
Simon Laube
Senior Associate, International Business Advisory
| Project highlights | The firm is on the lookout for a foreign partner to enter into a Joint Venture for growth and development. |
|---|---|
| Project description |
The company supplying electro-mechanical and auto-electrical switches is established in the year 1964. The company is among the few players in the industry that provide end-to-end solutions from design & development, molds to delivering the switches to its clients. The company’s products are mainly sold to the tractor OEMs who are witnessing strong growth in sales even in the Covid era. The tractor sales for December 2020 were around 62,000 units compared to 43,000 units in December 2019 in India. The existing annual revenue of the firm is 4.5 mn USD. |
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