HARMAN Invests Rs 345 Crore to Expand Automotive Plant in Pune, Creating 300 Jobs

Pune, October 27 -- HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., and a global leader in connected automotive technologies, has announced a fresh investment of Rs 345 crore (USD 42 million) to expand its automotive electronics manufacturing facility in Chakan, Pune.

The investment includes Rs 45 crore (USD 5.5 million) for immediate expansion and an additional Rs 300 crore (USD 36.5 million) over the next three years. This significant investment is aimed at supporting advanced telematics and next-generation automotive connectivity programs. The expansion is expected to create 300 new jobs in Pune by 2027.

With these new commitments, HARMAN's cumulative investments in the Pune plant now stand at Rs 554 crore (USD 67 million) since the facility's inception. The expansion will not only boost the local economy but also enhance HARMAN's capabilities in producing cutting-edge automotive technologies.

HARMAN's Chakan facility has been a key player in the company's global manufacturing network, contributing significantly to the development of advanced automotive solutions. The expansion will enable the facility to meet the growing demand for connected and intelligent vehicle technologies, which are becoming increasingly important in the automotive industry.

The investment underscores HARMAN's commitment to innovation and its dedication to the Indian market. The company's focus on advanced telematics and next-generation connectivity will not only benefit the automotive industry but also contribute to the broader ecosystem of smart mobility.

Pune, with its robust automotive and technology sectors, is an ideal location for such an expansion. The city's skilled workforce and supportive business environment make it an attractive destination for companies like HARMAN looking to invest in advanced manufacturing and technology.

The expansion is expected to bring significant economic benefits to the region, including job creation and increased local spending. It will also position HARMAN as a leader in the development of next-generation automotive technologies, further solidifying its reputation as a global innovator in the industry.

As HARMAN continues to grow its presence in India, the company is committed to fostering a culture of innovation and collaboration. The expansion of the Chakan facility is just one part of a broader strategy to drive technological advancements and create value for customers and stakeholders alike.

In a statement, a spokesperson for HARMAN said, 'This investment in our Chakan facility is a testament to our commitment to the Indian market and our dedication to advancing the future of connected automotive technologies. We are excited about the opportunities this expansion will bring and look forward to contributing to the growth of the local economy and the automotive industry as a whole.'

The expansion is expected to be completed in phases, with the initial phase of the Rs 45 crore investment already underway. The additional Rs 300 crore will be invested over the next three years, ensuring a steady and sustainable growth trajectory for the facility and the region.

HARMAN's investment in Pune is a clear indication of the company's long-term vision and its belief in the potential of the Indian market. As the automotive industry continues to evolve, HARMAN's commitment to innovation and advanced manufacturing will play a crucial role in shaping the future of smart mobility.