Diversified industrial manufacturer Eaton Corporation, which targets the telecommunication segment, has set a sales target of $500 million in India by the end of 2015, which would triple its current revenue in the country.
India will be an important part of our goal of generating 30 percent of our sales from emerging markets. We are excited about participating in the development of India’s infrastructure and in its manufacturing, transportation and power industries,” said Alexander M. Cutler, Eaton chairman and chief executive officer.
We are committed to increasing our research and development initiatives locally, as well as investing in our people and our communities in India. We see our participation in India first and foremost as an opportunity to support our customers in the fast-growing Indian domestic economy, and secondly as an opportunity to meet the needs of our global customers,” Cutler added.
Currently, Eaton has four manufacturing locations in India, all of which serve the country’s expanding domestic market as well as some of the company’s global requirements. Eaton’s Integrated Research and Development Center in Kharadi, Pune, continues to grow and will be adding 200 employees to its engineering and other professional services work.
Eaton began operations in India in 1999 through the global acquisition of Aeroquip Vickers. Its presence has grown significantly in India through acquisitions, green field facility and wholly owned subsidiaries. Today, Eaton has four manufacturing plants and more than 2,300 employees in India and its electrical, hydraulics, truck and automotive businesses all have a significant and expanding presence in the country.
Recently, Eaton announced the opening of an integrated test lab for its vehicle and hydraulics products at Ranjangaon, India. The lab is located within the existing truck components plant premises and has 38,000 square feet of testing area.
The lab can conduct hardware tests to validate current and future designs for both global and regional products. It can test numerous hydraulics components such as gear, vane and piston pumps, steering control units and valves for performance and endurance limits. In addition to the hydraulics components, the lab has capabilities to test vehicle products such as valve trains, synchronizers and roll over valves. The facility will also house a supercharger test stand in the future.