Tata AutoComp Systems Ltd on Thursday said it has entered into a joint venture with Korea’s Jahwa Electronics to locally manufacture and supply advanced low-voltage and high-voltage PTC heaters used in electric and hybrid vehicles.
The joint venture positions India as a key strategic hub for Jahwa, leveraging localised low- and high-voltage PTC heaters to tap into booming EV and hybrid investments from global and domestic OEMs, a statement said.
Chanyong Kim, CEO Jahwa Electronics said: “With domestic automakers and global OEMs aggressively scaling investments in electrification, India’s electric and hybrid vehicle markets are expanding rapidly. This is a critical juncture for us to establish a firm market entry foundation as a key supplier of both high-voltage and low-voltage PTCs.
“Forging this venture with Tata AutoComp is a deeply strategic decision; the Tata Group’s formidable market influence, business scale, and exceptional corporate credibility ensure we secure a stable foothold and drive sustainable growth across the region.” Arvind Goel, Vice Chairman, Tata AutoComp Systems said: “I am confident that our partnership with Jahwa Electronics, a globally recognized leader in specialty electronic components, will help introduce innovative sustainable solutions to the evolving mobility landscape of India.”