Business · India Bureau
EKA Mobility to invest ₹1,000 crore in R&D, eyes 40,000-unit capacity by 2030
The automotive component manufacturer plans to significantly scale production capacity while boosting exports to 20-30% of total sales. The company is also exploring expansion opportunities in African markets.
LSN India ·
EKA Mobility has announced plans to invest ₹1,000 crore in research and development as part of an ambitious growth strategy targeting a production capacity of 40,000 units annually by 2030. The investment underscores the company's commitment to enhancing its technological capabilities and product portfolio in the competitive automotive components sector.
The manufacturer aims to progressively increase its export footprint, targeting exports to account for 20-30% of total sales in the coming years. Currently, the company is focused on strengthening its international presence while maintaining its domestic market position.
Beyond established markets, EKA Mobility is actively exploring business opportunities in African nations, viewing the continent as a potential growth frontier. The African expansion strategy reflects the company's broader vision to diversify geographic revenue streams and reduce dependence on domestic demand.
The capacity expansion and R&D investment are expected to enhance EKA Mobility's competitiveness in producing automotive components for both original equipment manufacturers and aftermarket segments. Industry analysts note that such investments are critical for Indian automotive suppliers seeking to maintain relevance in global supply chains amid evolving emission standards and technological shifts toward electrification.