Ashhar Alam | New Delhi

German automotive components maker Hirschvogel Components India Pvt. Ltd. has announced a fresh foreign direct investment of ₹750 crore in Maharashtra, signaling strong confidence in the state’s manufacturing ecosystem.

The MoU for the investment was signed at the World Economic Forum 2026 in Davos, Switzerland, by CEO Sahil Jain, in the presence of Maharashtra Chief Minister Devendra Fadnavis and senior officials including Industries Secretary Dr. P. Ambalagan, Hirschvogel Group Plant Head Markus Obolzer, and Director Kartar Chavan.

The capital infusion is aimed at expanding manufacturing capacity at Hirschvogel’s Sanaswadi plant and producing components for electric vehicles, a segment poised for rapid growth.

The move is expected to further boost industrial development in Maharashtra, reinforcing the state’s position as a preferred destination for automotive and EV investments.

Hirschvogel Group, a global leader in automotive components with operations across Europe, Asia, and the Americas, has an annual turnover of around ₹15,000 crore.

The Sanaswadi facility, operational since 2016, has already attracted investments totaling about ₹1,000 crore. The company is a key supplier to Toyota and was honored with the ‘Toyota Supplier of the Year 2024’ award.

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Industry observers note that Maharashtra’s investor-friendly policies, robust infrastructure, and incentives continue to attract marquee companies, with Toyota’s recent investment at Chhatrapati Sambhajinagar being a notable example. Hirschvogel’s latest decision underscores the growing investor confidence in the state’s automotive and EV sectors.