In an Investor update, Minda Corporation announced technology trends that are transforming their current business lines. It mentioned that in the Vehicle Access line, the traditional lock and key are moving to smart and intelligent vehicle access which includes passive entry, passive start, flush door handles, powered liftgate system, cyber security, and E/E Architecture. In the wiring harness segment, the wiring harness will continue more into the vehicle architecture of power distribution unit (PDU), battery distribution unit (BDU), high voltage wiring harnesses, smart junction boxes, etc.
In the clusters and sensors division which is a driver information system, the analog clusters are now moving toward digital clusters which are all TFT with integrated telematics and ADAS systems. In the EV area, they are looking at more lightweighting as well as offering more electronic content through their internal and collaborative approach of partnership and offering new products in areas of motor and motor controllers, battery management systems, onboard chargers, and DC-DC converters.

Based on Minda Corporation Limited Q3 FY2023 Conference Call/ Investor Presentation

On February 8, Hero Electric announced a partnership with Dhoot Transmission for sourcing new wiring harness solutions. As per the partnership, Hero Electric’s products will be equipped with the latest wiring harnesses from the Tier 1 supplier.  The companies have collaborated on the 3D design of Hero Electric models of the wire harness.
As per the company, A well-designed and robustly manufactured wiring harness ensure that power is transmitted efficiently and with minimum transmission losses from the battery to the wheel but also that even after years of operation there is no degradation of materials that can put the bike and its components to a safety risk.

Based on Hero Electric's press release

On February 6, BYD held a groundbreaking ceremony for its New Energy Vehicle (NEV) Parts Project in the Fufeng Emerging Industrial Park in Fufeng County, Baoji, Shaanxi.
Signed on November 9, 2022 in Xi’an, the project has a planned total investment of CNY 5 billion. With a planned investment of CNY 3 billion and an area of around 930,000 square meters, the 1^st phase of the project will build production lines for NEV parts such as automotive wiring harnesses, shock absorbers, sunroofs, seat covers, and power battery-related components. Upon completion and production, the 1^st phase will achieve an annual output value of over CNY 10 billion and an expected annual tax revenue of over CNY 500 million, and will directly create 17,000 jobs.
From a People’s Government of Fufeng County official website press release