JCI and Pricol create JV to serve Indian market

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PLYMOUTH, MICH. (March 29, 1:50 p.m. ET) — Auto supplier Johnson Controls Inc. has formed a joint venture with Pricol Ltd. to make instrument panel clusters in India.

Johnson Controls Pricol Pvt. Ltd. will produce clusters in Pune for the auto and motorcycle industries, the companies announced in a March 27 press release.

The joint venture will use the human and machine interaction design operations for JCI, with auto operations based in Plymouth, along with Pricol’s “cost-effective” innovation capabilities and existing customer relationships. The business will work with both Indian and international customers.

Pune-based Pricol will also give JCI a new market segment through its business in motorcycle instrumentation, the companies said.