ColinJoule - China Automobile Expert-CNAUTO

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...

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