Now Reading: Mahle to Invest Over $30 Million Annually in India
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Mahle to Invest Over $30 Million Annually in India
German auto components maker Mahle plans to invest more than $30 million a year in India and double its domestic business to $1 billion within five years, ET Auto reports. The company…
The Story in Brief
German auto components maker Mahle plans to invest more than $30 million a year in India and double its domestic business to $1 billion within five years, ET Auto reports. The company says India has shifted from stop-start growth to a steadier expansion pattern.
Mahle is using India to introduce some technologies before other markets, including a battery electric vehicle thermal management system deployed in Mahindra electric SUVs. It is also investing in electrification, thermal management and fluid systems, while developing range extenders and motors that avoid heavy rare earth materials. Mahle supplies electric drive systems to Indian electric two-wheeler makers and is discussing solutions with commercial vehicle manufacturers. It is also assessing exports from India.
The Indian Opinion
The easy story is that India will switch wholly to battery electric vehicles, or that electrification depends only on imported rare earth magnets. Mahle’s own approach is more practical, backing several powertrain options and local engineering rather than betting on one technology. Its targets are company promises, not delivered results. The useful test is whether annual investment crosses $30 million and India revenue reaches $1 billion within five years.
Source: auto.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
