Feintool strengthens its position in Asian automotive production with the establishment of “Feintool System Parts India Pvt Ltd” and a new facility in Pune, India. With an initial investment of CHF 15 million, this move brings Feintool closer to its existing customers in the region while reducing CO2 emissions from deliveries. Production at the Pune site is set to begin in summer 2025.
CEO Torsten Greiner highlights the expansion as a response to customer needs, tapping into a thriving market, and promoting sustainable supply chains. The Pune facility will initially focus on manufacturing seat adjusters for major automotive manufacturers and will explore opportunities in emerging sectors like battery and hydrogen-powered mobility.
Feintool’s expansion into India strengthens its presence in the Asian automotive market, enhancing market share and competitiveness. By localizing production, Feintool aims to minimize delivery-related emissions, contributing to environmental sustainability through shorter supply chains and reduced transportation distances.
The establishment of the Pune facility is expected to create job opportunities in the region, stimulating economic growth. Furthermore, Feintool’s presence can facilitate the transfer of advanced manufacturing technologies and expertise, contributing to the upskilling of the local workforce and the advancement of India’s manufacturing sector.
Overall, Feintool’s entry into the Indian market diversifies its portfolio, opens doors to new customers, and positions the company for growth in emerging sectors.