Johnson Controls Pricol Private Limited will be operating from Pune / Johnson Controls and Pricol establish joint venture for Indian automotive market

Pune, India (ots) - Johnson Controls, a global leader in
automotive seating, overhead systems, door and instrument panels, and
interior electronics, has formed a joint venture with Pricol Limited,
a leading supplier of automotive instrument clusters in India.

The 50/50 joint venture will be called Johnson Controls Pricol
Private Limited. Pricol's instrument cluster manufacturing plant in
Pune will become the joint venture's primary location. It will
develop and manufacture instrument clusters, displays and body
electronics for both automakers and motorcycle manufacturers that
operate businesses in India, by leveraging Johnson Controls'
industry-leading Human Machine Interaction design and implementation
expertise as well as product capabilities.

"This new partnership combines the expertise and capabilities of
Johnson Controls and Pricol to create a unique value proposition for
our customers and differentiation in the industry," said Jeff DeBest,
group vice president and general manager, electronics for Johnson
Controls Automotive Experience.

With Pricol's cost-effective innovation capabilities and strong
customer relationships in the local market, Johnson Controls will
realize growth potential in India. It also will serve global
customers cost effectively.

"Johnson Controls brings their world-class product development
capabilities, global purchasing relationships and access to global
customer relationships to this joint venture, which will help Pricol
to strengthen our leading market position in India," said Vijay
Mohan, chairman, Pricol.

"Pricol's existing instrument cluster offerings and customer base
for motorcycle makers will allow us to enter a new market segment,"
added DeBest. This new joint venture also will become Johnson
Controls' global center of expertise for this product.

About Johnson Controls:

Johnson Controls is a global diversified technology and industrial
leader serving customers in more than 150 countries. Our 162,000
employees create quality products, services and solutions to optimize
energy and operational efficiencies of buildings; lead-acid
automotive batteries and advanced batteries for hybrid and electric
vehicles; and interior systems for automobiles. Our commitment to
sustainability dates back to our roots in 1885, with the invention of
the first electric room thermostat. Through our growth strategies and
by increasing market share we are committed to delivering value to
shareholders and making our customers successful.

About Johnson Controls Automotive Experience:

Johnson Controls is a global leader in automotive seating,
overhead systems, door and instrument panels, and interior
electronics. We support all major automakers in the differentiation
of their vehicles through our products, technologies and advanced
manufacturing capabilities. With 240 locations worldwide, we are
where our customers need us to be. Consumers have enjoyed the comfort
and style of our products, from single components to complete
interiors. With our global capability we supply approximately 50
million cars per year.

About Pricol:

Pricol, which started its operations 35 years ago, is a well-known
name in the Indian automotive component sector. Over the last 25
years, Pricol has been a leading supplier of automotive instrument
clusters for two wheelers, cars, trucks and tractors in India. The
company supports automakers and after-market customers across Europe,
America, Middle East and Australasia and supplies instruments and
other products including sensors, oil pumps, chain tensioners, fleet
management solution products.

Please do not hesitate to contact us if you would like more
information:
Johnson Controls GmbH
Automotive Experience
Industriestraße 20?30
51399 Burscheid
Germany

Ulrich Andree
Tel.: +49 2174 65-4343
Fax: +49 2174 65-3219
E-mail: ulrich.andree@jci.com