There BorgWarner Inc., a US manufacturer of automotive components and systems, has installed a new production facility in the Sipcot Industrial Park in Sriperambadur, near Chennai (India). The plant will have an annual capacity of 300,000 assemblies.
The company has revenues of over $4 billion and is currently present in 18 countries. Its adventure in India began in 2001, when it started operating through its subsidiary Borgwarner Cooling Systems India. Subsequently, in 2004, the company set up a manufacturing facility ad interim in Aynambakkam (Chennai).
In India, the company supplies customers such as Tata Motors, Tata Cummins, M & M, ALL, Force Motors, Volvo, Eicher, Asia Motor Works and Kirloskar.
This and other information about Octagona: take a look at all our articles on the company blog. With three offices in India, in Pune, Bangalore and New Delhi, we can help Italian companies make a difference on the Indian market. India has in fact been growing strongly for several years and according to analysts it will be a country with strong growth for the next decade as well. It could become the world's third largest power by 2020.
If you want to internationalize your business, this is the right time to do it. Several indices show how companies that exploit foreign markets to increase turnover and their profits are able to obtain a real competitive advantage, which allows them to beat the competition. India can be considered one of those target countries for companies based in Italy but wanting to operate abroad. BorgWarner's move is just another factor in confirming this fact.
Contact us to receive more information by clicking on the button below: we will study with you the best solution for your business.
Source: IBEF
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