HELLA KGAA HUECK & CO in Automotive Relay
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Summary
Hella KGaA Hueck & Co. is present at around 134 locations across the globe, and the company serves different vehicle segments such as passenger cars, commercial vehicle, off-highway, agricultural equipment’s and recreational vehicles. The company has invested 9.80% of their 2016 revenue into research and development which indicates the company has a strong focus on innovations. Additionally, amongst the 33,689 employees, 6,361 are working in the research department of the company across the globe. The company has experienced strong growth in the OE as well as aftermarket segment. In the automotive segment (lighting and electronics) the company’s sales increased by 10.1%, and the aftermarket segment sales increased by 5.9% during the fiscal year 2015 to 2016.
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HELLA KGAA HUECK & CO Presence in
Automotive Relay
The company’s automotive electronics has high demand in U.S., Mexico, China, India, and European countries. The company has 60 product groups in 21 product lines in the automotive electronics segment which helps in improving safety, efficiency, and comfort of vehicles. According to company’s insights in the annual report, in 2010 around 30% of the vehicle production cost was dedicated to vehicle electronics and this is projected to grow up to 50% by 2030 owing to increasing demand for safety, autonomous driving, drivetrain electrification, and comfort. Hence the company is dedicatedly working on the development of automotive electronics business segment.
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