The Indian Motherson Group has announced an investment worth approximately HUF 40 billion in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said on Friday in Mosonszolnok.

Huge investment in Hungary from a long-time business partner

Photo: Facebook/Szijjártó Péter

The minister reported that the Indian automotive components manufacturer Motherson will carry out investments worth HUF 39 billion (appr. more than EUR 102 million) in Mosonszolnok, Mosonmagyaróvár, Túrkeve and Kecskemét.

The state will provide HUF 9 billion (around EUR 23.6 million) in support for the project, thereby helping to create 154 new jobs, including 55 positions requiring particularly high qualifications.

He added that the Motherson Group’s production capacity is being expanded in order to manufacture increasing numbers of rear-view mirrors and bumpers for BMW and Mercedes plants.

Motherson is also bringing new research and development functions to Hungary, enabling the development of visual systems integrated into rear-view mirrors as well as artificial intelligence-based sensors to be carried out locally.

In addition, the group will establish new service centres, meaning that engineering, IT and financial services for the entire Central and Eastern European region will be provided from Hungary.

One of the largest automotive suppliers

The company, which ranks among the world’s fifteen largest automotive suppliers, employs more than 200,000 people in 44 countries. As a result, intense international competition surrounded this investment as well, but Hungary managed to succeed in the end.

The minister added that there are currently 45 Indian companies present in Hungary, employing nearly 9,000 people, and that they have carried out numerous investments in recent years.