Hirschvogel Components India Private Limited, part of Germany-based Hirschvogel Group, plans to make an additional foreign direct investment of INR 7.5 billion in Maharashtra to expand manufacturing capacity at its Sanaswadi facility near Pune, with a focus on components for electric vehicles. The proposed investment is expected to generate over 1,000 new employment opportunities and marks the next phase of the company’s expansion in India.
The company said the investment will be used to increase manufacturing capacity and support the production of parts required for electric vehicles, reflecting shifts underway in the automotive industry. The expansion is positioned as part of the company’s next phase of growth in India, with an emphasis on advanced manufacturing technologies and localisation of capabilities.
The memorandum of understanding (MoU) for the investment was signed during the World Economic Forum 2026 held in Davos, Switzerland. The agreement was signed by the company’s chief executive officer Sahil Jain in the presence of Maharashtra Chief Minister Devendra Fadnavis and senior officials from the state government. Senior representatives present at the signing included Hirschvogel Group Plant Head Markus Obolzer, Director Kartar Chavan, and Industries Department Secretary Dr. P. Ambalagan.
The company said the investment will support the adoption of advanced manufacturing technologies and strengthen local capabilities as the automotive industry undergoes structural changes driven by electrification.
Hirschvogel Components India stated that the expansion is intended to deepen its integration with Maharashtra’s industrial ecosystem and contribute to supply chains serving both domestic and international automotive markets. The company also indicated that the Sanaswadi facility plays a growing role within the group’s global manufacturing network.
Part of Germany-based Hirschvogel Group, Hirschvogel Components India has built its presence in the country over the past 15 years. Production at the Sanaswadi plant commenced in 2016, and the company has invested around INR 10 billion in the facility to date. The Pune unit employs more than 1,200 skilled professionals and produces high-precision forged and machined components for automotive original equipment manufacturers in India and overseas.
Hirschvogel Group operates manufacturing facilities across Europe, Asia, and the Americas and reports an annual turnover of approximately INR 150 billion. The group supplies components to multiple global automotive manufacturers, including Toyota, and its Indian operations have been recognised with the Toyota Supplier of the Year award for 2024.
