Havells inks MoU with Hyundai Electric & Energy Systems

Havells India has signed an Memorandum of Understanding (MoU) with Hyundai Electric & Energy Systems Co. Ltd on November 13 at the Ulsan headquarters 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 labelling. 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) and Magnetic Contactors (MC) to Hyundai Electric. Both companies would cooperate for localisation and customisation of products.

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