Global Electronics Ecosystem India: A Central Pillar in TDK's Global Strategy

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India is evolving into a strategic force in the global electronics ecosystem. Economic growth, politics, and a talent pool form the foundation. With "Make in India" and production incentives, the government is specifically promoting domestic manufacturing and rapid infrastructure development.

India is increasingly establishing itself as a strategic force in the global electronics ecosystem. High economic growth, favorable political conditions, and a large talent pool form the foundation. Today, the country is the fastest-growing major economy in the world and, more recently, the most populous. With programs like "Make in India" and production-linked incentive schemes, the government is significantly advancing domestic manufacturing and rapidly expanding infrastructure.

The country's electronics industry is growing rapidly, heading towards a market volume of 500 billion US dollars by 2030. This momentum is driven by increasing demand in areas such as automotive, renewable energy, industrial modernization, and digital technologies. Additionally, the global "China+1" strategy is playing a role: many multinational companies are relocating their manufacturing and research activities to India to become more resilient. Although TDK has been present in India for decades, the company is currently investing heavily in its Indian site. Now, an extraordinary opportunity arises to implement innovations on a large scale, engage highly skilled engineers, and strengthen the supply chain in one of the world's most dynamic markets.

India is a cornerstone of our global strategy. We are confident that our growing presence will further enhance our ability to serve both the domestic and international markets.

Gagan Bansal, President Electronic Components Business Company (ECBC), Sales and Marketing, TDK India.

Investments in India for Innovation And Resilience

TDK's commitment in India began in the mid-1990s. Back then, the company was among the first international manufacturers to produce electronic components on a large scale in the country. Today, TDK operates six plants, including the production of film capacitors in Nashik, ferrite cores in Kalyani, as well as battery cells and packs in Bawal and Manesar. The latest milestone is a state-of-the-art battery factory in Sohna, which, according to Bansal, will play a key role in expanding the energy portfolio.

By expanding local production, TDK not only increases its capacities but also enhances the resilience of global supply chains. Diverse production sites ensure that customers reliably receive their critical components even during times of crisis.

Moreover, India is increasingly evolving into a hub for research and development. TDK has established four major engineering and sales centers in Mumbai, Bengaluru, Pune, and Noida. Additionally, a new design laboratory for transformers and a large R&D facility for the power supply division TDK-Lambda are being developed in Bengaluru. This positions the South Indian metropolis as a central hub for the development of innovative products.

The startup ecosystem also plays a crucial role. TDK collaborates with promising young companies such as FASAL in the agritech sector, Infinite Uptime for industrial analytics, Exponent Energy in the EV battery market, and Ultraviolette Automotive in the field of new mobility. Additionally, TDK supports local innovation leaders like Healyantra in medical technology, thereby fostering Indian entrepreneurial spirit in the long term. These partnerships enhance TDK's flexibility and local market knowledge, enabling the faster development of tailored solutions for India and the world.

According to TDK's forecasts, the Indian electronics market will grow annually by eight to ten percent over the next five years. The drivers of this growth are the massive expansion of infrastructure and increasing domestic demand. Notably, there is a strong alignment between government investment priorities—such as information and communication technologies, electromobility, renewable energy, and smart infrastructure—and TDK's own core competencies.

India's Growth Sectors Powered Up

The country's development agenda highlights several sectors that will experience particularly strong growth in the coming years. Electronics and digital technologies play a key role, and TDK is well-positioned to accelerate these transformations.

• India's e-mobility revolution is gaining momentum: more than 19 million electric vehicles are already on Indian roads today. By 2030, 80 percent of two- and three-wheelers and 40 percent of buses are expected to be electrically powered. Subsidies and the expansion of charging infrastructure are driving enormous demand for modern batteries and advanced power electronics. With local battery production and collaborations with startups, TDK is contributing to electrifying transportation on a large scale.
• India is also setting ambitious goals in the energy sector. By 2030, 500 gigawatts of renewable energy capacity are to be developed. Meanwhile, the "Revamped Distribution Sector Scheme" aims to install 250 million smart electricity meters by 2026. With energy-efficient capacitors, filters, and surge protection solutions, TDK is supporting this energy transition, making the power grid more efficient and reliable.
• In the rail sector, the country is investing around 60 billion USD by 2030 in electrification and modernization. TDK contributes with reliable inductors, filters, and protection components to ensure that the infrastructure remains reliable and efficient.
• Rapid digitalization also requires next-generation data centers. With materials for thermal management, solutions to suppress electromagnetic interference, and power conversion modules, TDK enables stable and energy-efficient operations that can keep pace with exponential data growth.
• In addition, the demand for energy-efficient household appliances and industrial automation is growing. TDK supports manufacturers with sensors, actuators, and power supply solutions that improve safety, efficiency, and connectivity—from smart homes to smart factories.

India at the Center of TDK's Future Strategy

India is not only an attractive growth market but also an important hub in the global electronics value chain. TDK recognizes this significance and invests in local production, research and development, as well as partnerships with startups. In doing so, the company directly supports the country's ambitions while leveraging its strengths to enhance its own international competitiveness.

Successes and efficiency gains achieved in India—such as in batteries for electric vehicles, the integration of renewable energies, or digital infrastructure—increasingly impact TDK's global activities. This strengthens the company's agility, innovative power, and responsiveness worldwide.

Hardly any other country offers as many opportunities for the future as India. With 1.5 million engineering graduates annually and government support, the country is a hotspot for innovation and a springboard for global growth.

"By combining local expertise with TDK's global competence, we help our customers in India bring new technologies to market faster and more reliably," emphasizes Bansal, adding: "In this regard, India's success and TDK's are closely intertwined." (mr)

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