Germany’s Marquardt to set up manufacturing facility in India_Germany's Marquardt to set up manufacturing facility in India

Germany’s Marquardt to set up manufacturing facility in India

May 21, 2024

ET bureau

Mumbai: German company Marquardt, which makes premium cars and switches plans to set up a manufacturing plant in India and expand its local R&D center to invest in the country’s growing car and two-wheeler industry.

The company has already started supplying switches to commercial vehicles in India. Automakers Established in 2008 A few years ago, I started contacting mainstream passenger car manufacturers. Based on orders from Tata Motors and Fiat Chrysler, the company will expand its Mumbai operations and set up a greenfield plant in Chakan, Pune. Marquardt plans to set up a supply base with 200 plans million switches in the next four years, up from the current 35 switches million switches. We want to use India as a springboard for our two-wheeler switching business.

Marquardt plans to invest Rs. 1 billion in its India business over the next few years in a new plant to double its capacity. With more than 400 R&D staff. The R&D center will carry out global projects.

Ernst Kellermann, global COO of Marquardt GmbH, told The Economic Times that the company supports the government’s “Make in India” initiative and is committed to the “Make in India” program for the Indian market. The company told the Economic Times that it supports the government’s “Make in India” initiative and is committed to the “Make in India” program for the Indian market.

Kellermann said, “India is a very price-sensitive market that requires local solutions to meet the needs of mainstream automakers, which is why we have set up an R&D site to customize Indian projects at Indian costs before local production.”

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Germany’s Marquardt to set up manufacturing facility in India