Global Tier-1 major Marelli which is undergoing a major transformation after changing hands from the FCA Group in 2018 to now being owned by US-based private equity fund KKR, is well on its way to cut its losses by cost optimisation and is eyeing growth by tapping opportunities being offered by future automotive technologies.
Dinesh Paliwal, executive chairman, Marelli talks about successfully restructuring Marelli's finances, reducing debt and a clear focus on new product lines including ADAS, cybersecurity, vehicle interior components and also tapping emerging Software-as-a-Service (SaaS) business models.
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