Visteon is betting big on India. This calendar will see the company invest over $20 million in its operations here. Senior vice-president and president of Asia-Pacific, Robert Pallash is delighted with the way things are shaping up.
“As we look forward in the next three years, we see Asia-Pacific becoming almost 50 percent of Visteon’s global revenues. India is an important part of that growth,” he says.
The $20 million planned for India, adds managing director of Visteon India, A Viswanathan, does not consider the expansion plans and new projects announced by customers. Director, customer business group, India and Asean, V Murali adds, “This money is basically for the 2009 visibility as of now. Beyond 2010, we will have to review further investments.”
According to Pallash, the team is focusing on its activities for 2010 and beyond. With new arrivals and projected expansion plans of domestic OEMs in India, the company wants to do all the right things to satisfy that growth and support its customers beyond the end of the decade.
Last year saw significant expansion in all Visteon’s product lines and plants in India. It also inaugurated its $10 million technical centre.
MURALI GOPALAN