en.Wedoany.com Reported - Swiss precision component manufacturer Feintool International Holding AG officially inaugurated its first production base in India on June 24, 2026, in the Chakan industrial area of Pune, Maharashtra. The plant is currently in the ramp-up phase, focusing on supplying fineblanking components for the automotive industry.
Founded in 1959 and headquartered in Switzerland, Feintool is an international technology company specializing in fineblanking, cold forming, and electric motor lamination stamping technologies. The company operates 18 production sites across Asia, Europe, and the United States, with a total workforce of 2,851 employees. The newly established Pune plant marks Feintool's first production base in India, representing a further expansion of its global footprint.
During the inauguration ceremony, Feintool CEO Lars Reich emphasized the strategic significance of the new plant: "Feintool is proud to meet customer demand for localized production in India through the Pune plant. We are in the right place at the right time to continuously benefit from the momentum of the Indian automotive industry and seize new opportunities in India's growing industrial market." Marcel Pernici, President of Feintool Asia, stated that through a "local-for-local" strategy, the company can directly serve regional market customers while leveraging global technical expertise, making it more agile and reducing dependence on geopolitical changes.
India is already the world's third-largest automotive market and is increasingly becoming a key export hub. Tobias Gries, Managing Director of Feintool India, stated that the plant has assembled a strong local team and is leveraging Feintool's global expertise to initiate production in Pune, initially focusing on fineblanking components for automotive seat systems. Looking ahead, the plant is ready to expand into cold forming, electric motor core production, and even hydrogen energy applications. The facility was designed with capacity expansion in mind, allowing for future scaling as demand grows.
