As the world quickly transitions to the zero-emission mobility space, the global automotive component maker, GermanybasedMahle is banking on India to serve the global internal combustion engine markets in the coming decade and a half as a key production hub.
Martin Wellhoffer, Mahle's corporate executive vice president of sales, told Autocar Professional, his company's long-term business strategy, similar to that of several Asian OEMs, would be to consolidate its ICE manufacturing facilities into India.
India continues to be one of the outperformers for Mahle globally and ended in 2022 with €400 million euros posting over 48 percent growth, with incremental orders coming from zero-emission mobility business along with conventional business growing at a faster clip, the German auto component major sees its revenues from India to grow to €600 million in the next three to five years.
Interestingly, Mahle Group has recently bagged a multi-million dollar order from a leading Indian OEM for its e-mobility programme, but the component major wants to ensure it is amongst the "last man standing" with regard to internal combustion engines (ICE) in the anticipation that India would be among the last countries to completely make the transition.
The context for Wellhoffer's statement comes from the fact that several major global auto component suppliers, such as Denso Corporation, Bosch, Delphi Technologies, Continental AG, Magna International, ZF Friedrichshafen AG, among others, are making rapid transitions towards e-mobility, by integrating their existing products and services into the e-mobility market.
This leaves a large space for ICE market consolidation, particularly in heavy-duty vehicles such as trucks, which are likely to be the last to see complete transition in India and a few other global markets.
This story is from the 1st February 2023 edition of Autocar Professional.
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This story is from the 1st February 2023 edition of Autocar Professional.
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