HARMAN announces a ₹345 crores investment to expand its Pune automotive electronics facility, enhancing production capacity and supporting India's initiative to become a global hub for advanced automotive manufacturing.
Information on the Target
HARMAN, a subsidiary of Samsung Electronics Co., Ltd., is a global leader in connected automotive technologies. Recently, the company announced a significant investment aimed at expanding its automotive electronics manufacturing facility located in Chakan, Pune, India.
The new investment totals ₹345 crores (approximately USD 42 million), which will enhance HARMAN's production capabilities and strengthen its market presence. This expansion is poised to increase the annual manufacturing output of car audio components, infotainment units, and telematics units by 2027.
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Industry Overview in India
The automotive industry in India is a rapidly growing sector that has become increasingly important to the nation's economy. The Indian automotive market has wi
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HARMAN
invested in
HARMAN's automotive electronics manufacturing facility
in 2025
in a Other Corporate deal
Disclosed details
Transaction Size: $42M