Bengaluru: Hyundai Mobis Co., South Korea's largest auto parts maker, has announced the establishment of an additional research and development (R and D) center in India to cater to the increasing demand from global carmakers for core component development. The newly launched center in Bengaluru will function as a specialized software R and D branch, complementing an existing facility that was inaugurated earlier this year. This move is part of Hyundai Mobis's dual-track strategy to address local market requirements.

According to Yonhap News Agency, the Indian automotive market is witnessing a shift from compact vehicles to mid- to large-sized models, leading to a higher demand for advanced auto parts. The adoption of high-end electronic components such as advanced driver assistance systems (ADAS) has been on the rise. Hyundai Mobis's existing integrated R and D hub in Hyderabad will continue to focus on software strategy and application development, while the new Bengaluru branch will manage areas closely related to hardware, including frameworks that underpin software functionality.

Hyundai Mobis manufactures modules and key components at its facilities in Chennai and Anantapur in India, with a parts facility in Gurugram ensuring a stable supply of after-sales service parts. The company has set ambitious goals, aiming to increase the value of orders from global customers in India sixfold by 2028 compared with 2025, although specific figures were not disclosed.

Further, Hyundai Mobis is targeting US$7.44 billion in global orders this year, a significant increase from $2.56 billion last year, driven by strong demand for high value-added electric vehicle (EV) components.