Suprajit Engineering has signed a memorandum of understanding with Chuo Spring Company, Japan for incorporation of a 50:50 joint venture (JV) in India to design, manufacture and supply transmission cables and a technical assistance (TA) agreement, which grants JV access to Chuo's unique Japanese cable technology.

The JV and TA will first focus on delivering projects for India's two leading Japanese PV OEMs.

The collaboration further expands SEL's product range to key Japanese customers, and the transmission cable market, going forward.

The JV will primarily serve India’s two major Japanese PV original equipment manufacturers. The partnership will help Suprajit Engineering add new products to its portfolio and further consolidate its position in the automotive cable market while supporting global OEM customers.

Suprajit Engineering Ltd, India’s largest cable and halogen bulb manufacturer has a global capacity of producing 400 million cables and 110 million halogen bulbs each year.

Suprajit’s customer base consists of major global automotive companies. This company is present in four continents. Chuo Spring operates in the US, China, Indonesia, and Thailand, with a consolidated revenue of $675 million.

Suprajit Engineering expects double-digit revenue growth in FY 2024-25, led by a strong domestic market performance.