Mahle Group, a 12.6 billion auto component major, has decided to invest more in joint ventures, new products and plant expansion in India.
The decision has been taken thanks to the Indian government’s push on localisation of electric and low-emission vehicles in the country.
According to an Economic Times report, Mahle Group has raised its stake in former JV, Mahle Letrika Roots India, to 90% from 50%. This is part of the group’s dual strategy of expanding its position as a systems provider for alternative drive concepts along with enhancing the conventional powertrains.
It added: “Mahle 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. Production will start by April 2020.”
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