The Marquardt Group, a German mechatronics company, commenced the inauguration of a new production facility in Talegaon, near Pune, India, on March 5, 2025. The new facility will replace the company's former site in Mumbai, with investments of over 180 crore rupees (about $21.5 million USD) in buildings, equipment, and machinery.
The factory will focus on manufacturing mechatronic systems for the automotive industry in India, including drive authorization systems, gear selector switches, and battery management systems for electric vehicles. Marquardt will channel about 300 new jobs over the next five years into the plant.
Vishal Narvekar, General Manager of Marquardt India, said for the company this plant also fits in with the Indian government's “Make in India” initiative, which has the aim of promoting local production, innovation, and job creation. Marquardt has been in India for several years and has a development center in Pune, employing over 450 people working on local and world projects as part of Marquardt's international innovation network.
"India represents a key growth market for Marquardt with significant potential, by opening this new plant in Talegaon, we are advancing our success story in India and strengthening our role as a leading supplier of mechatronic systems for future mobility", said BjörnTwiehaus, CEO of the Marquardt Group.
The inception was attended by representatives of major car manufacturers, partner companies, and important business and governmental dignitaries. He lauded the local team for their efforts during the opening ceremony. Established in 1925 and based in Rietheim-Weilheim, Germany, Marquardt is a family-owned manufacturer of electromechanical and electronic switches. Marquardt has about 10,000 employees worldwide, and with a turnover nearing 1.4 billion euros in 2023, Marquardt puts back about 10% of their revenues into research and development every year.