Hao Yong Automotive Controls Ltd Successfully Concludes 2024 Annual Conference:Uniting to Embark on a New Journey and Strive for Excellence
February 28,2025–Hao Yong Automotive Controls Ltd.held its grand 2024 Annual Gala under the theme"Uniting to Embark on a New Journey,Striving for Excellence".All employees gathered to review the achievements of 2024 and outline the strategic blueprint for 2025.
To align with global automotive supply chain transformation trends,HYAC announces the establishment of a new automotive actuator production base in India by 2026.The facility will focus on new energy vehicles(NEVs)and smart driving sectors,further strengthening the company's Asia-Pacific supply chain network and supporting India's local automotive industry upgrade.
The new plant involves a$500 million investment,covering 9,000㎡.Initial annual production capacity is planned for 2 million sets of actuators to meet client demands.
1.Investment Scale&Production Capacity
The new plant involves a$500 million investment,covering 9,000㎡.Initial annual production capacity is planned for 2 million sets of actuators to meet client demands.
2.Localization Strategy&Market Potential
As the world's third-largest automotive market,India recorded total passenger and commercial vehicle sales of 5.08 million units in 2023,with accelerating NEV transformation.The plant will deeply integrate into India's local supply chain while radiating to Southeast Asian and Middle Eastern markets,enhancing delivery efficiency and cost competitiveness.
3.Technological Innovation&Sustainability
The factory will adopt automated production lines and green manufacturing technologies to reduce carbon emissions and improve energy efficiency,aligning with India's"Amenabar Bharat"(Self-Reliant India)policy.Additionally,the project is expected to create 100 local jobs.
The factory will adopt automated production lines and green manufacturing technologies to reduce carbon emissions and improve energy efficiency,aligning with India's"Amenabar Bharat"(Self-Reliant India)policy.Additionally,the project is expected to create 100 local jobs.
Executive Statement
"India's rapid market growth and policy support provide strategic opportunities for global auto parts enterprises.
The
new plant will not only consolidate our technological advantages but
also enable rapid response to client needs through localized
production,driving industry innovation with partners."
