Autoliv Invests in India - Opens new Engineering and Production Facility


Autoliv Invests in India

- Opens new Engineering and Production Facility

(Stockholm, June 18, 2010)  -  -  -  Autoliv, Inc. - the global leader
in automotive safety systems - today announced the opening of its new
plant in India. The new facility hosts the country's first safety center
and a new airbag and seatbelt assembly unit.

India is among the fastest growing automotive markets in the world. In
2010, light vehicle production in India is expected to reach 3.2 million
units, an increase of 31% compared to 2009. This will make India the
sixth largest vehicle producing country in the world.

The new plant is located in Bangalore and will support all vehicle
manufactures in India with testing and product development. This is
Autoliv's ninth technical center and one of three specializing in small
car safety. It is also Autoliv's second plant for airbag production in
the country. Last year, Autoliv became the first company to produce
airbags in India.

“We are very proud of our new technical center, the first in India. The
new facility plays a critical role in our global effort to improve
safety for small cars. As we continue to develop our capabilities in
India, the team here will play an increasingly important role in our
global organization. " said Suresh Nandagopal, President Autoliv India.

Autoliv has been supplying safety products for the automotive industry
in India for 16 years and is today the leading supplier in the country.
In addition to the new Bangalore facility, Autoliv has three other
facilities in India. Autoliv's sales in India are expected to grow by
36% this year to over 100 MUSD. Major customers include Maruti-Suzuki,
Mahindra, Tata, Toyota, Hyundai, Fiat, Ford, GM and Nissan.

 

Inquiries:

Henrik Kaar, Director Corp. Communications                           Tel
+46 (0)8-587 20 614

Suresh Nandagopal, President Autoliv India                             
Tel  +91 80 2797 1253