Johnson Controls has formed a joint venture with Pricol, a supplier of automotive instrument clusters in India.
The 50/50 joint venture will be called Johnson Controls Pricol and the Indian company’s instrument cluster manufacturing plant in Pune will become the joint venture’s main location.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
It will develop and manufacture instrument clusters, displays and body electronics for both automakers and motorcycle manufacturers in.
The partners said Pricol’s cost-effective innovation capabilities and strong customer relationships in India would help Johnson Controls grow there and it would also service customers outside the country.
“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,” said Vijay Mohan, chairman, Pricol.
“Pricol’s existing instrument cluster offerings and customer base for motorcycle makers will allow us to enter a new market segment,” said a JCI executive.
This new joint venture also will become Johnson Controls’ global centre for this product type.
