Magna International is spending big and launching a hiring spree in India.
The Canadian supply giant said Oct. 6 that it plans to invest more than US$120 million on a new engineering centre in Bengaluru, India. It will fill the facility with more than 1,000 engineers by the end of 2023.
Magna said it’s building the new campus “to match pace with the automotive industry’s acceleration in cleaner mobility solutions.”
The 240,000 square-foot facility — about 22,250 square metres — is expected to open in the first quarter of 2023. Engineers and technical experts there will be working on software and system development, simulation, testing and vehicle integration, as well as digital, data and cloud solutions for electric-vehicle programs.
“Vehicles and their systems are becoming more electrified and software-defined, which changes the architecture and how we need to develop them,” Magna Executive Vice-president and Chief Technology Officer Anton Mayer said in a statement. “With this new engineering centre, we can further strengthen our vehicle systems development and IP creation, especially in the areas of e-mobility.”
Magna International Inc., based in Aurora, Ont., placed fourth on the 2022 Automotive News Top 100 Global Suppliers List, with sales of US$36.2 billion.