Delta Electronics India is looking to increase its export contribution to 50% of its total revenue in the near future.
Niranjan Nayak, MD, Delta Electronics India, said, “Last year around 10-15% of our revenue came from exports but in 2-3 years Delta India plans to make the domestic-export mix around 50:50.” Delta has announced a $500 million investment commitment for India to be spread over 5-10 years.
The company is focusing on new businesses like electric vehicle onboard components as well as charging infrastructure. “We have started setting up charging infrastructure across India that is locally designed and made and we are also focussing on EV components for electric two, three and four wheelers going forward,” said Nayak.
He added that EV would drive “future growth prospects for Delta in India”. The company has a plant in Tamil Nadu’s EV hub of Krishnagiri which is also close to its R&D hub in Bengaluru.
The company is adding to its R&D team in Bengaluru which was earlier domestic focussed but is now looking at global requirements as well.
“There is a global requirement for R&D in power electronics and software development and the Bengaluru lab is focussed on power electronics,” said Nayak. The R&D facility has 300 engineers now but would expand to more than 1,000 in the next 3-5 years, he added.