Horiba Bets Big on India with Manufacturing and R&D Push
What Happened
Horiba, the Japanese precision instruments and testing systems maker, has set a target of ¥20 billion (20 billion yen) in revenue from India by 2028, up from about ¥15 billion in FY2025. The company plans to achieve this through expanded local manufacturing and R&D. Around 40% of Horiba India's revenue already comes from products assembled or manufactured in India, and the company employs over 600 people across eight locations.
Key Takeaways
India is becoming a strategic hub for Horiba's global operations, moving beyond sales to manufacturing and innovation. The company is also strengthening its semiconductor ambitions through local production and its acquisition of Pristine Deeptech, positioning itself to benefit from India's growing electronics and chip ecosystem.