The company’s investment worth ₹750 crore in Maharashtra; 1,000 new employment opportunities
PUNE, India, January 24, 2026 /PRNewswire/ — Hirschvogel Components India Pvt. Ltd., a German auto parts manufacturing company operating in Sanaswadi, has made a major decision to make an additional foreign direct investment of ₹750 crore in Maharashtra.
The MoU regarding this investment was signed at the World Economic Forum 2026 in Davos, Switzerland, in the presence of Honorable Chief Minister Devendra Fadnavis, by the Company’s CEO, Mr. Sahil Jain. On this occasion, Secretary of the Industry Department – Dr. P. Ambalagan, Hirschvogel Group Plant head – Mr. Markus Obolzer, Director – Mr. Kartar Chavan and other dignitaries were present.
The primary focus of this investment is to increase production capacity and manufacture parts needed for electric vehicles. This investment is expected to provide a significant boost to Maharashtra’s industrial development.
The Hirschvogel Group is a leading automotive components manufacturing group operating in Europe, Asia and the Americas, with an annual turnover of approximately ₹15,000 crore. In India, the company started production at its Sanaswadi plant in 2016, and so far, investments worth around ₹1,000 crore have been made in this project.
The passenger car market is currently experiencing substantial growth. Thanks to the industry-friendly policies, strong infrastructure and incentives offered by the Maharashtra government, several renowned companies are coming forward to invest in the state. A notable example of this is Toyota’s major investment in Chhatrapati Sambhajinagar. With similar industrial prospects, Hirschvogel has made the important decision to invest in Maharashtra. Hirschvogel is a leading supplier to Toyota and has also received the prestigious ‘Toyota Supplier of the Year 2024’.
For more information, visit https://www.hirschvogel.com/en/.
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