Canadian auto parts maker Magna announced its plan to invest more than $120 million for setting up a new engineering centre in Bengaluru. The facility is expected to open in 2023 and will serve as a key centre for the company in powertrain electrification, electronics and software defined vehicle development.
The company said, “To match pace with the automotive industry's acceleration in cleaner mobility solutions, Magna is investing more than USD 120-million to establish and operate a new engineering centre, Magna Innovation Campus, in Bengaluru to support e-mobility.”
According to the company, vehicles and their systems are becoming more electrified and software-defined, which changes the architecture and how we need to develop them. Explaining it further, Anton Mayer, Executive Vice President and Chief Technology Officer at Magna International, said, “With this new engineering centre, we can further strengthen our vehicle systems development and IP creation, especially in the areas of e-mobility.”
The company is going to hire about 1,000 engineers and technical experts, working on software and system development, simulation, testing and vehicle integration, as well as digital, data and cloud solutions for electric vehicle programmes, by the end of next year.
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