AxleTech International held a grand opening ceremony for the inauguration of its new manufacturing facility in Pune, India, on March 23. Under the name AxleTech India Private Limited, the plant represents the company's first production site in India.
The new manufacturing facility will support engineering and assembly of off-highway and specialty axles for original equipment manufacturers (OEM) in India. "We are optimistic about the growth potential in India, where we have long-established relationships with blue chip customers," says Mathieu Fidel, Vice President of Global Operations at AxleTech International.
The company currently employs 25 individuals in India and is motivated to expand its presence in the country. "Establishing a manufacturing footprint is key in expanding our global reach and enables us to provide our customers with quality products while leveraging our local procurement initiatives. We are also committed to grow our product portfolio to better serve the Indian market," adds Fidel.
AxleTech's new manufacturing facility became operational in January and is scalable to support the expanding market opportunities in India.