Indian brands are now shifting their focus to electronics manufacturing in areas like Internet of Things (IoT), defense electronics and automotive sector. Recently, Hero Electronix, part of the Hero Group, has decided to venture into this segment.
With electronics becoming an integral part of the automotive and their percentage steadily increasing in modern vehicles, the companies are now realizing the huge opportunity that lies in this field. The reports say the company is looking on products revolving around new age infotainment systems, remote access, safety aspects like pedestrian safety. Hero Electronix will be designing its products based on local needs.
Hero Electronix is Hero Group’s first venture into electronics and technology sector and has the presence in areas from set top box manufacturing to providing semiconductor test engineering services. The company will be investingaround Rs 1,000-1,200 crore till 2022.