Magna International, a Canadian mobility technology company, is one of the top dealers in the automotive industry and offers almost everything from spare parts to full-vehicle assembly. The Canadian auto giant is big on entering the EV game in India and recently invested over Rs. 984 Crores in creating an engineering center called ‘Magna Innovation Campus’ in Bangalore. The 240,000-square-foot center in Brigade Tech Garden will be the hub for powertrain electrification and EV parts development in India. It will be up and running before April of 2023 with a team of over 1000 product engineers and tech experts by the end of next year.
Anton Mayer, Chief Technology Officer & Executive Vice President of Magna International, commented on Magna’s investment decision saying, “With this new engineering center, we can further strengthen our vehicle systems development and IP creation, especially in the areas of e-mobility.” Magna sees huge potential in the growing EV sector in India. Therefore, it recently acquired a stake in the Indian EV startup YULU, against the funding of Rs. 633.4 Crores.
With 12 manufacturing units and 3 product development bases spanning India, Magna will mostly focus on system modification, simulation, testing, and innovative cloud solutions for the EV space. It’s currently hiring for several Bangalore-based engineering positions at www.magna.com/careers.