Global Tier-1 major Aptiv has made a fresh investment of US$ 45 million or approximately Rs 375 crore to expand its Chennai facility to produce integrated cockpit computers, and ADAS solutions as it eyes growing demand for these advanced systems from the domestic market.
Aptiv's fresh investment, which offers flexibility and scalability to diversify into more product lines, will also enable the company to tap export opportunities to the ASEAN region from India, thereby strengthening its Indian operations to cater to both local and overseas markets.
In an exclusive interaction with Autocar Professional, Matthew Cole, SVP & President, Advanced Safety and User Experience (AS&UX), Aptiv, and Arun Devaraj, VP & MD, (AS&UX), APAC (Non-China), Aptiv, talk about the company's future technology roadmap with the transition towards software-defined vehicles (SDVs) that are also safer, and more sustainable.
Aptiv, which expects opportunities on multiple fronts with the SDV transition, is gearing to offer futuristic solutions by leveraging local design, development, and manufacturing competencies in India. The company is a key supplier to PV OEMs, including Mahindra & Mahindra, Tata Motors, MG Motor India, Hyundai, and Maruti Suzuki India, among others. VIDEO: