Magna International To Set Engineering Centre In Bengaluru, To Invest USD 120
Magna International is all set to invest USD 120 million (approx. 980 crores) in India, for a new engineering centre in Brigade Tech Garde, Bengaluru. As per sources, the decision was taken after witnessing a massive demand for electric vehicles and the electrification of vehicles in India. Moreover, 1,000 engineers and technical experts by the end of 2023, for operations.
Tags: E-Mobility, Electric Vehicles, Magna International, Investment, Engineering Center
Courtesy: Economic Times