Indian Motherson Group announces investment in Hungary worth over EUR 100 million

The Indian Motherson Group has announced an investment worth approximately HUF 40 billion (EUR 104.6 million) 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

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.