In December 2012, the German automotive parts manufacturer Mannheimer Group stated that it expects its annual operating revenue in the Indian market to reach 100 million euros (about US$131 million) by 2018, at which time India will also become the company. The second largest market in Asia.
Mannand Hummel Filter , a wholly owned subsidiary of the Mann Hummer Group, recently opened a second plant in India. The company’s operating income represents the total global operating income of the MAN.Hummel Group. About 1%, and this proportion will increase to 3% in the next 6 years.
Joseph Parzhuber, vice president of the Mann Hommel Group, stated: “India will be one of our most important markets in the world. It is estimated that by 2018, the company’s annual operating income in this market will reach 100 million euros (about 131 million US dollars). It accounted for 3% of the Group's total global operating revenue.†In 2012, Man Hummel’s operating income in the Indian market was expected to reach Rs 1.5 billion (US$ 27 million), accounting for 1% of the Group’s global operating income.
The total annual operating income of Mann Hummel Group is approximately 2.5 billion Euros (approximately US$ 3.28 billion), of which the Asian region’s operating revenue accounts for approximately 17%. It is estimated that by 2018, the Group’s annual operating income The total will increase to 3.4 billion euros (about 4.46 billion U.S. dollars), while the Asian market will also increase to 25%.
JosefParzhuber stated that the annual sales of Man Humeer Group in Asia are about 400 million Euros (about 524 million U.S. dollars), of which the company’s largest single market in Asia—China has contributed half of Asia’s sales to Asia. income. In contrast, Man Humeer's current scale of business in the Indian market is still very small, but this market is expected to grow into the company's second largest market in Asia in the next six years.
Man Hume Filters entered the Indian market in 2003 and currently has two factories in India. The total investment so far in this market has reached 3 billion rupees (about US$ 55 million).
Asked about future plans for investment in the Indian market, Pradeep Randhawa, General Manager of Mann HUMMEL Filters, stated: "In the next two years, we will invest 4 to 600 million rupees each year (about 7 to 11 million U.S. dollars). In addition to expanding the capacity of the new plant, we have not yet decided on other investment plans."
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