FORVIA to invest ₹2,000 crore in India, targets €1-billion business by 2030

Global automotive technology supplier FORVIA, which generated €26.15 billion in revenue in 2025, plans to invest around €200 million (about ₹2,000 crore) in India through 2030 as it seeks to more than double its India business from €450 million to over €1 billion by the end of the decade, underscoring the country’s growing role in the group’s global manufacturing and technology strategy.

FORVIA, which brings together the businesses of Faurecia and HELLA, supplies seating, electronics, lighting, clean-mobility systems and cockpit technologies to most major vehicle manufacturers in India, including Tata Motors, Mahindra & Mahindra, Maruti Suzuki, Hyundai, Kia, Toyota, Honda, Volkswagen Group, Renault-Nissan-Mitsubishi, Ashok Leyland, VE Commercial Vehicles and Force Motors. India currently contributes about 1.7 per cent of the group’s global revenue but is growing at roughly 11 per cent annually, almost twice the pace of the domestic passenger-vehicle market.

“India is becoming one of the world’s most dynamic automotive markets and a strategic pillar of FORVIA’s growth trajectory. We are expanding our industrial footprint, strengthening localisation and investing in advanced technologies because India will play a much larger role in our future growth,” FORVIA Chief Executive Officer Martin Fischer told businessline.

The investment will be spread across electronics, seating, clean mobility and lighting businesses, with electronics accounting for the largest share of future growth. The company plans to expand local production of body electronics, power electronics, radar systems, battery-management systems, zonal controllers and motor controllers as automakers accelerate the shift towards software-defined vehicles.

Electronics revenue alone is targeted to increase from about €100 million today to more than €400 million by 2030. Clean Mobility will add another manufacturing facility to support exhaust after-treatment systems and electrification technologies.

While the Seating business will establish FORVIA’s first dedicated complete-seat manufacturing plant in India, scheduled to begin production in 2027, the facility will also introduce the company’s proprietary Cover Carving Technology, designed to improve rear-seat space and passenger comfort.

Fischer said FORVIA’s India strategy has fundamentally evolved from adapting European products for India to designing products specifically for Indian cost structures through frugal engineering and value engineering.

The company is also decentralising decision-making, giving its India business greater autonomy to respond quickly to customer requirements instead of relying on approvals from Europe.

“We have all the competencies on the ground here. We want to be very close to our customers when it comes to developing products and launching products,” Fischer said, adding that engineers who earlier supported global programmes are increasingly taking ownership of products and customer programmes from India.

Fischer said the company’s strategy reflects the regionalisation of global automotive supply chains, with products increasingly being engineered and manufactured closer to customers.

The group is also leveraging the combined strengths of Faurecia, HELLA and Clarion, using Clarion’s long-standing relationships with Japanese automakers alongside HELLA’s electronics expertise and Faurecia’s manufacturing footprint to deepen its presence in India.

“Local for local is the best assumption,” Fischer said, adding that even after crossing the €1-billion milestone, India would still remain under-represented within FORVIA’s global portfolio, signalling that the current investment programme is only one phase of a much longer expansion strategy.