Displays Commitment, Confidence in Growth Opportunity in the Region
Pune, India – September 26th, 2016- Nexteer Automotive, a global leader in intuitive motion control, celebrated its new manufacturing plant in Pune, India. Pune takes its place as Nexteer’s third manufacturing plant in India – joining plants in Bangalore and Gurgaon – and as the 22nd plant within Nexteer’s global manufacturing footprint.
“The Pune plant is a wholly-owned subsidiary of Nexteer Automotive, covering an area of 35,000 square feet of shop floor with the capability for future expansion of an additional 35,000 square feet. The facility also provides 5,700 square feet of office space,” Madhav Kulkarni, Managing Director Nexteer India, said.
Nexteer’s Pune, India plant will focus mainly on halfshaft component manufacturing and assembly for local customers, as well as supplying its Gurgaon plant. In the future, the new plant may also expand into Electric Power Steering (EPS) production. The company anticipates that the new plant will provide 120 job opportunities in Pune by end of 2017.
Tao Liu, Global Vice President and Asia Pacific Chief Operating Officer of Nexteer Automotive, said, “The opening of our facility in Pune and our expanded production capacity in India are important pieces in our long-term development strategy in India and represents our confidence in the growth potential of the automotive market within this region. With this strategic addition, we are able to better serve customers in both the domestic and international markets.”
Nexteer Automotive – A Leader in Intuitive Motion Control – is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems as well as advanced driver assist systems (ADAS) and autonomous technologies for original equipment manufacturers. The company’s global workforce of over 12,000 serves more than 50 customers in every major region of the world. The company has 22manufacturing plants, five regional engineering centers and 11 customer service centers strategically located in North and South America, Europe and Asia. NexteerAutomotive’s customers include BMW, Fiat Chrysler, Ford, GM, PSA Peugeot Citroen, Toyota, Renault, Nissan, Suzuki and VW, as well as automakers in India like Tata Motors, Mahindra & Mahindra, Maruti Suzuki and automakers in China