Nasdaq-listed Truck maker Paccar is tapping India for component sourcing and developing technology for its global operations, but has no plans now to sell or assemble products in the country. The work at the technical centre has already begun and the company will hire 200 employees by the end of this year. “Our focus in India right now is to successfully launch the technical centre in Pune to develop solutions for global requirements and introduce ourselves to the supplier base here,” Paccar Inc Managing Director (India Initiative) Donald J Schulte told the Business Standard newspaper.
What this means
India’s automotive capabilities are expanding to heavier vehicles on side as visible from the action of the owner of the Kenilworth truck brand above. But simultaneously the automotive capabilities can be extended to many other industries that utilize similar manufacturing skills.
