Pune, Oct. 27 -- HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. and a global leader in connected automotive technologies, today announced a fresh investment of Rs 345 crore (USD 42 million) to expand its automotive electronics manufacturing facility in Chakan, Pune.
The investment includes Rs 45 crore (USD 5.5 million) for immediate expansion and an additional Rs 300 crore (USD 36.5 million) over the next three years to support advanced telematics and next-generation automotive connectivity programmes. This expansion is expected to create 300 new jobs in Pune by 2027.
With these new commitments, HARMAN's cumulative investments in the Pune plant now stand at Rs 554 crore (USD 67 million) since the facility's inception i...