| Work Detail |
The Mahle Group has committed to invest EUR 12.6 billion towards joint ventures (JVs), new products and plant expansion. This is part of the Central government’s push on localisation of electric and low-emission vehicles in India. The Group has raised its stake in former JV, Mahle Letrika Roots India, to 90 percent from 50 percent. This is part of the company’s dual strategy of expanding its position as a systems provider for alternative drive concepts along with enhancing the conventional powertrains. The company will initially focus on development and production of AC/DC electric motors and control units through its unit Mahle Electric Drives India based in Coimbatore, Tamil Nadu. The production will commence by April 2020. The company expects the content per car to grow faster and boost its topline and bottomline with India’s push towards electrification and cleaner vehicles in future, with premiumisation also gaining momentum. |
