Visteon to make auto displays in Chennai

NEW DELHI : US automotive electronics maker Visteon Corporation expects to start manufacturing automotive displays at its factory in Chennai from early 2023.

Earlier this year, the company announced plans to invest $20 million to expand the plant. Aashish Bhatia, vice president and general manager, Visteon, said the investment is completed and the “money is on the way”, and it will expand the plant’s capacity by nearly threefold. “By next year, we will also be manufacturing displays in India “Other than the LCD panel, which will be imported, everything else will be in India,” he said.

Visteon supplies parts for automotive cockpits, including displays for instrument clusters, infotainment systems, and sensors. The India unit caters to both global and Indian companies, although direct exports from India are currently modest, he said.

Meanwhile, Visteon plans to double its engineering headcount in India to 4,000 engineers across six technical centers over the next year.

Bhatia said Visteon earned around $150 million in revenue from the plant last year, which it expects will cross $200 million this year and $300 million in 2023. He added that while most of the business comes from traditional automakers currently, it is also in talks with new-age electric vehicle (EV) startups to supply electronics.

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

More Less

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Post your comment

.

Leave a Reply

Your email address will not be published.

Back to top button
THE-NEWS-PAGE