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    Behr-Hella Thermocontrol GmbH, a leading European auto component supplier, expects India to grow at double the pace of its global business over the next five years. The company plans to expand its manufacturing facility in Pune, India with an investment of Rs. 100 crore to cater to the growing domestic demand as well as use India as a strategic export hub. Michael Jaeger, CEO of Behr-Hella, said they expect 15% annual growth in India compared to a global growth plan of 7% annually.

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    Behr-Hella Thermocontrol GmbH, a leading European auto component supplier, expects India to grow at double the pace of its global business over the next five years. The company plans to expand its manufacturing facility in Pune, India with an investment of Rs. 100 crore to cater to the growing domestic demand as well as use India as a strategic export hub. Michael Jaeger, CEO of Behr-Hella, said they expect 15% annual growth in India compared to a global growth plan of 7% annually.

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    India - Behr-Hella Expects India To Grow at Double The Pace of Its Global Business - The Economic Times

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    Behr-Hella Thermocontrol GmbH, a leading European auto component supplier, expects India to grow at double the pace of its global business over the next five years. The company plans to expand its manufacturing facility in Pune, India with an investment of Rs. 100 crore to cater to the growing domestic demand as well as use India as a strategic export hub. Michael Jaeger, CEO of Behr-Hella, said they expect 15% annual growth in India compared to a global growth plan of 7% annually.

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    8/18/22, 1:19 PM india: Behr-Hella expects India to grow at double the pace of its global business - The Economic

    s global business - The Economic Times

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    Business News › Industry › Auto › Auto Components › Behr-Hella expects India to grow at double the pace of its global business

    Behr-Hella expects India to grow at double the


    pace of its global business
    By Ketan Thakkar, ET Bureau Last Updated: Jun 22, 2022, 04:58 PM IST
    SHARE FONT SIZE SAVE

    Synopsis
    "We expect India to grow at a CAGR of 15% in the next five years, as against a plan of 7%
    growth we expect globally. The new facility will cater to the growing demand in the
    country but will also be a key strategic export hub for our thermal management system
    and automotive displays or Human Machine Interface solutions," said Jaeger.

    Agencies
    European Auto component major
    Behr-Hella Thermocontrol GmbH
    (BHTC), a leading player in the climate
    control and thermal management
    solution, expects India to grow at
    double the pace of its global businesses.
    The company plans to tap into the
    growing domestic market and use it as
    The company has committed Rs 100 crore to
    expand a new facility in Pune. a critical sourcing base for EVs.

    The global board had visited the country to inaugurate the new manufacturing
    facility in Pune. In an exclusive interview with ET, Michael Jaeger, CEO of

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    https://economictimes.indiatimes.com/industry/auto/auto-components/behr-hella-expects-india-to-grow-at-double-the-pace-of-its-global-business/… 1/9

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