MAGNA EXPANDS PRESENCE IN INDIA, INVESTS IN NEW ENGINEERING CENTER

To match pace with the automotive industry’s
acceleration in cleaner mobility solutions, Magna is investing more than $120 million to establish
and operate a new engineering center in Bengaluru, India to support e-mobility. The new
center, called Magna Innovation Campus Bengaluru, is in the heart of the Brigade Tech Garden,
rich in engineering talent, and will serve as a key center for Magna in powertrain electrification,
electronics and software defined vehicle development.

The 240,000 square-foot facility is expected to open in
the first quarter of 2023 and will employ engineers and
technical experts working on software and system
development, simulation, testing and vehicle
integration, as well as digital, data and cloud solutions
for electric vehicle programs. Approximately 1,000
engineers and technical experts are expected to be
hired by the end of 2023 with the capacity to add up to
250 more as needed.

“Vehicles and their systems are becoming more electrified and software-defined, which changes
the architecture and how we need to develop them. With this new engineering center, we can
further strengthen our vehicle systems development and IP creation, especially in the areas of
e-mobility,” said Anton Mayer, Executive Vice President and Chief Technology Officer, Magna
International.

New engineering facility in Brigade Tech
Garden, Bengaluru to focus on vehicle
electrification

MAGNA EXPANDS PRESENCE IN INDIA, INVESTS IN NEW ENGINEERING
CENTER

CONNECT WITH MAGNA
A ”Puja” groundbreaking ceremony will be held on October 17 th at the Innovation Center with
Magna executives.

Magna is currently looking for software and hardware engineers to contribute to the company’s
vision of advancing mobility for everyone and everything. Those interested in applying can do
so at the following www.magna.com/careers.