US automotive supplier BorgWarner inaugurated a HUF 24 billion development at its base in Oroszlány (west of Budapest) this week. The investment, which is expected to raise headcount at the base to around 1,000, is supported by a HUF 4.8 billion government grant, according to a statement by the Ministry of Foreign Affairs and Trade. […]
The expansion of the Japanese automotive industry supplier firm Hi-Lex further increases Hungary's automotive influence on the global market. Hi-Lex, a Japanese manufacturer of automotive parts, has over 80 years of experience. At its facility in Rétság, the company produces door modules, window regulators, and brake and gearshift cables, while continuously enhancing its competitiveness through […]
India-based automotive supplier Motherson is expanding its activities in Hungary with a series of investments, including a research and development program and the establishment of a business services center, the Hungarian Investment Promotion Agency (HIPA) reports. Motherson’s EUR 54 million Hungarian R&D project deals with AI-based sensors and advanced visual systems integrated into rear-view mirrors. […]
German-owned automotive supplier ZF Chassis Modules will invest HUF 10bn in Debrecen (E Hungary), creating 230 jobs, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday. The company will make front and rear axles at the new plant exclusively for electric vehicles made at the BMW plant in Debrecen. Output of Hungary's automotive […]
Magna Body & Chassis Ltd., the Hungarian subsidiary of Magna International Inc. — a leading global player in mobility technologies — officially launched production at its new, state-of-the-art facility in Vecsés on November 7, 2025. The plant will initially create 240 new jobs, later increasing that number to 300 and boost the local economic activity, […]
The new investment of about HUF 21 billion by BC GEN Hungary Ltd., an automotive supplier company with a South Korean ownership, will create four hundred new jobs in Salgótarján, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Budapest. The development is supported by HUF 3.75 billion in Hungarian state subsidy. According to […]
SMR Automotive Mirror Technology Hungary, a Motherson Group company, has announced to implement a EUR 33.3 million investment in Hungary. The Indian automotive supplier’s development aims to expand production and logistics capacities and install automation at four different sites in the country. A statement by the Hungarian Investment Promotion Agency says that Indian-owned Motherson Group […]
