Latest news with #OPmobility
Time of India
3 days ago
- Automotive
- Time of India
OPmobility secures contract for rapid product development in India
OPmobility has secured a new contract from an Indian automotive manufacturer for the development of a full bumper and grille for a light-duty truck model. The product was delivered from prototype to series-ready in under 15 months, significantly shorter than the industry average of 26 months in India. The contract underscores the growing requirement in the Indian automotive sector for shorter development cycles. Production is scheduled to begin by the end of 2026. Christian Kopp, Senior Executive Vice-President and President of the Exterior & Lighting Business Group at OPmobility, said: 'The award of this contract by an Indian automotive manufacturer illustrates the talent of our teams and their agility in a fast-changing market. It also highlights our proximity with OEMs worldwide and allows us to reinforce our partnership with this long-term customer.' Expanding operations in India OPmobility currently equips one out of every two vehicles in India and operates four R&D centres and five manufacturing facilities across the country. The company plans to add four more plants by the end of the decade to strengthen its presence. According to S&P Global Mobility , India's automotive production is expected to grow at an average rate of 4.7 per cent between 2025 and 2030. Kopp added, 'Already a key player in this strategic country, OPmobility keeps investing significantly in India, the world's third largest automotive market and a growing industrial player. Our ambition in India is not just to supply our customers in the country, but also to use its capacities to improve our overall competitiveness in engineering and industrial production in all our countries.'
Yahoo
23-04-2025
- Automotive
- Yahoo
OPmobility implements its plan to deal with US tariffs
By Mathias de Rozario (Reuters) -OPmobility plans cost reduction measures to deal with the impact of U.S. tariffs, the French car supplier's CEO Laurent Favre said in a call with journalists on Tuesday. The company, which supplies the three leading U.S. carmakers, General Motors, Stellantis and Ford, said it is trying to anticipate a potential volume decline from its clients in the second half of the year. "That's all the savings in operating costs, [...] everything linked to external service providers, everything linked to travel, everything linked to non-essential expenditure, and also a very strong emphasis on flexibility in our plants in line with the evolution of volumes," Favre said. He added the company will also slow down investments with a target of a 5% to 10% investment reduction compared to usual levels. "This does not, in any way, affect our long-term strategy," Favre said. He added that they will continue to invest in technology, to improve their regional balance, to invest all over the world with a stronger focus on America and Asia, and to diversify their customer base by developing new entrants such as BYD, Chery, Tesla and Rivian. The group also confirmed its full-year outlook, backed by its cost reduction measures and by a 3.1% consolidated revenue growth in the first quarter of the year. The group's quarterly consolidated revenue came in at 2.69 billion euros ($3.08 billion), up from 2.61 billion euros a year earlier. It outperformed global automotive production according to the S&P Global Mobility forecasts published earlier this month, led by its European and Asian markets. North America, which accounted for more than 27% of the group's economic revenue, however recorded a 4.1% revenue drop mainly due to a decline in module volumes assembled in Mexico. "It's a question of seasonality [...], some of our customers are launching new models, others are discontinuing them, so this happened in the first quarter, but it will be offset in the rest of the year," Favre said. ($1 = 0.8741 euros)
Reuters
23-04-2025
- Automotive
- Reuters
OPmobility implements its plan to deal with US tariffs
April 23 (Reuters) - OPmobility ( opens new tab plans cost reduction measures to deal with the impact of U.S. tariffs, the French car supplier's CEO Laurent Favre said in a call with journalists on Tuesday. The company, which supplies the three leading U.S. carmakers, General Motors (GM.N), opens new tab, Stellantis ( opens new tab and Ford (F.N), opens new tab, said it is trying to anticipate a potential volume decline from its clients in the second half of the year. here. "That's all the savings in operating costs, ... everything linked to external service providers, everything linked to travel, everything linked to non-essential expenditure, and also a very strong emphasis on flexibility in our plants in line with the evolution of volumes," Favre said. He added the company will also slow down investments with a target of a 5% to 10% investment reduction compared to usual levels. "This does not, in any way, affect our long-term strategy," Favre said. He added that they will continue to invest in technology, to improve their regional balance, to invest all over the world with a stronger focus on America and Asia, and to diversify their customer base by developing new entrants such as BYD ( opens new tab, Chery, Tesla (TSLA.O), opens new tab and Rivian (RIVN.O), opens new tab. The group also confirmed its full-year outlook, backed by its cost reduction measures and by a 3.1% consolidated revenue growth in the first quarter of the year. The group's quarterly consolidated revenue came in at 2.69 billion euros ($3.08 billion), up from 2.61 billion euros a year earlier. It outperformed global automotive production according to the S&P Global Mobility forecasts published earlier this month, led by its European and Asian markets. North America, which accounted for more than 27% of the group's economic revenue, however recorded a 4.1% revenue drop mainly due to a decline in module volumes assembled in Mexico. "It's a question of seasonality ..., some of our customers are launching new models, others are discontinuing them, so this happened in the first quarter, but it will be offset in the rest of the year," Favre said.
