The global board had visited the country to inaugurate the new production facility in Pune. In an exclusive interview with ET, Michael Jaeger, CEO of BHTC Group, stated that India will be one of the fastest growing markets for BHTC globally.
“We expect India to grow at a CAGR of 15% over the next five years, while we expect global growth of 7%. The new facility will respond to growing demand in the country, but will also be an important strategic export product. hub for our thermal management system and automotive displays or Human Machine Interface solutions,” said Jaeger.
The company has pledged Rs 100 crore to expand a new facility in Pune.
The German auto parts maker expects the Indian business’s share to double over the next five years to around 10% of total revenues and profits. BHTC believes the shift to electrification will only expand the growth opportunities for the company, and the content per car will only grow in the coming years. The share of exports, which currently accounts for only 5% of total turnover, is likely to increase to 25% by 2025.
This location will grow on the production side and on the R&D side. The company will hire about 150-200 engineers to participate in global project development. “The major growth plan for global development from India. The competence center here will also work on software development for global projects,” added Jaeger.
BHTC’s engineers in India are already working on the latest technologies and innovations for our local and global customers. With the expansion, BHTC aims to accelerate global development activities in the coming months and increase our R&D strength very quickly to approximately 300.
As a global center of competence for advanced climate control and HMI solutions, BHTC continues to leverage their local expertise to provide end-to-end, innovative and cost-effective solutions to their global and local customers.
The head of BHTC believes that the interior change is becoming a “key differentiator or USP” in the automotive industry, which puts BHTC in a very good position given its products that are very well integrated into the functionalities of BHTC. the future cars.
“We sincerely believe that the Indian auto industry can play a key role in the global industry. A strong presence in India will play a key role in BHTC’s future,” added Jaeger.
The Pune facility already specializes in end-to-end product development and manufacturing of advanced HMI and climate control panels for leading automotive OEMs in India and around the world. The facility houses an advanced testing and validation center, a global R&D center, global IT and shared services under one roof.