The Mahle Group, a leading global development partner for the automotive and engine industry, plans to achieve sales of around 10 billion euros (Rs 83,510 crore) in 2014, depending on the development of the automotive markets and exchange rates. In 2013, total sales increased by 12.7 percent in comparison with the previous year to 6,941.3 million euros (Rs 57,964 crore).
17 Apr 2014 | 7439 Views | By Autocar Pro News Desk
The Mahle Group, a leading global development partner for the automotive and engine industry, plans to achieve sales of around 10 billion euros (Rs 83,510 crore) in 2014, depending on the development of the automotive markets and exchange rates. In 2013, total sales increased by 12.7 percent in comparison with ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
The Mahle Group, a leading global development partner for the automotive and engine industry, plans to achieve sales of around 10 billion euros (Rs 83,510 crore) in 2014, depending on the development of the automotive markets and exchange rates. In 2013, total sales increased by 12.7 percent in comparison with the previous year to 6,941.3 million euros (Rs 57,964 crore).
The Group plans to expand its current product portfolio. Thermal management, an important topic for the future, is now one of the central themes. Mahle additionally plans to continue its expansion in the field of mechatronics. The aim is to establish a long-term presence of the group in key technology and growth fields in order to continue strengthening its competitive position in view of current technological challenges.
The Group has been pursuing a globalisation strategy for the past few years. In order to safeguard future competitiveness, it is driving forward the continuous expansion of its international orientation. This year, four new plants in China and Indonesia will commence production. Preparations for two new plants are also progressing in Mexico. Extensive expansion-related investments are planned in Romania in the next few years.
With its two business units Engine Systems and Components as well as Filtration and Engine Peripherals, the Mahle Group ranks among the top three systems suppliers worldwide. Since its majority acquisition, the Behr Group makes up the Thermal Management business unit under the Mahle Behr brand, turning Mahle into a globally leading OEM in vehicle air-conditioning and engine cooling.
In end-2013, Mahle increased its equity participation in Indian piston manufacturer Mahle India Pistons from around 60 percent to 100 percent, in order to independently conclude investment measures and technology transfers in the future. The plant, which is located in Chennai, generated sales of approximately 15 million euros (Rs 125 crore) in 2013.