India's southern state of Tamil Nadu has signed understandings with a number of European and Chinese companies that are expected to create and support over 40,000 jobs in the state. Tamil Nadu is home to a vibrant automotive, auto parts and electronics sector. Daimler India Commercial Vehicle may be the...
India Grows as Global R&D Hub for Multinationals
The Nikkei Asian Review reports that numerous multinationals have chosen India as an attractive R&D destination. More recently, taking advantage of employment costs, as well the availability of technical skills, many companies across a variety of industry verticals have begun to set up their R&D centers or have enhanced their...
Mercedes-Benz Inaugurates Second R&D Facility in India
Mercedes-Benz, the German automobile manufacturer opened its second research and development in Bangalore to expand R&D and IT activities in India for its parent firm Daimler AG. "The India R&D center plays a crucial role in our global R&D organization, with 200 patents filed for innovation in automotive development since...
German carmaker expands captive R&D Centers in India
Mercedes Benz now has 650 engineers working at its Bangalore development center. The facility is dedicated to passenger cars, and it currently works in conjunction with Daimler's German unit in many areas, including development of powertrains, according India General Manager (Product Homologation) Prakash Vermali. The company hired 250 tech staff...
Daimler to hike India sourcing
German automaker Daimler AG plans to buy more components from India for its global operations and expects growing demand for luxury cars to drive sales higher in India Chief financial officer, Uwe Jarosch, said recently. "Currently, our sourcing from India is €40 million to €50 million." Mr. Jarosch said the...