TDK Accelerates India’s Electronics Growth with Local Innovation

India has emerged as a strategic powerhouse in the global electronics ecosystem, combining robust economic growth, supportive policies, and a vast talent pool. It is the fastest-growing major economy in the world and became its most populous nation in early 2023. The Indian government’s push for self-reliance – from the “Make in India” initiative to 13 Production Linked Incentives (PLI) schemes across various sectors including electronics & Component and the multibillion dollar “India Semiconductor Mission” – is catalyzing domestic manufacturing and infrastructure development.

As a result, India’s electronics industry is scaling rapidly toward a projected USD 500 billion market by 2030, powered by surging local demand in sectors like automotive, renewable energy, industrial modernization, and digital technologies. This trajectory is also shaped by the global “China+1” strategy, as multinational companies diversify manufacturing and R&D footprints into India to strengthen resilience. For global companies like TDK, India’s rise presents an unprecedented opportunity: to innovate at scale, tap into world-class engineering talent, and build a more reliable supply chain at the heart of a burgeoning market.

“India will remain a cornerstone of our global strategy. We are confident that our expanding presence will further strengthen our ability to serve both domestic and international markets.” — Gagan Bansal, President of Sales and Marketing, TDK India

Investing in India for Innovation and Resilience

TDK’s commitment to India dates back to the mid-1990s, when it was among the pioneers establishing large-scale component manufacturing in the country. Over the decades, the footprint has grown steadily: today, TDK operates six factories across India producing components from film capacitors in Nashik to ferrite cores in Kalyani, alongside advanced battery cells and packs in Bawal and Manesar. Most recently, a state-of-the-art ATL battery facility was inaugurated in Sohna, which, according to Bansal, will play a “pivotal role in supporting our rapidly growing energy solutions portfolio.”

By growing its manufacturing presence locally, TDK not only increases capacity but also strengthens global supply chain resilience – diversifying production geographies and ensuring customers have reliable access to critical components even amid disruptions.

Beyond manufacturing, India is fast becoming a hub for R&D and engineering excellence. TDK has established four major engineering and sales centers – in Mumbai, Bangalore, Pune, and Noida – to stay close to customers and market trends. A new magnetic design lab for transformers and a large R&D facility under TDK-Lambda are being built in Bangalore, positioning the city as a nucleus for advanced product development.

Innovation in India also extends to the startup ecosystem. TDK is partnering with high-potential ventures in fields ranging from agritech (FASAL) and industrial analytics (Infinite Uptime) to EV batteries (Exponent Energy) and next-generation mobility (Ultraviolette Automotive). Supporting grassroots innovators such as Healyantra in medtech reflects a long-term commitment to nurturing India’s entrepreneurial spirit. These collaborations bring agility and local insight into TDK’s portfolio, accelerating the development of tailored solutions for Indian and global markets.

This multifaceted growth strategy is timed with India’s own upward trajectory. TDK forecasts the Indian electronics market to grow at 8–10% annually over the next five years, fueled by infrastructure build-out and rising domestic demand. Crucially, the areas where India is investing most heavily – ICT, EVs, renewable energy, and smart infrastructure – directly align with TDK’s core competencies, creating a virtuous cycle of national priorities and corporate expertise.

Powering India’s High-Growth Sectors

India’s development agenda highlights several high-growth sectors where electronics and digital technologies are vital. TDK is uniquely positioned to accelerate these transitions through its broad portfolio of components, energy solutions, and sensor technologies.

• Electric Mobility (EVs): India’s e-mobility revolution is accelerating, with over 19 million EVs already on the road in 2025. Ambitious 2030 targets – 80% of two-/three-wheelers and 40% of buses to be electric – will transform transport. Backed by subsidies and charging infrastructure, this creates vast demand for advanced batteries and power electronics. By localizing battery production and partnering with EV startups, TDK is helping India electrify at scale while securing a strong position in a market expected to approach 80 million EVs by 2030.

• Renewable Energy & Smart Grids: India is targeting 500 GW of renewable energy capacity by 2030. At the same time, programs like the Revamped Distribution Sector Scheme (RDSS) will deploy 250 million smart meters by 2026. From grid stability to rooftop solar integration, TDK enables this shift with energy-efficient capacitors, harmonic filters, and advanced surge protection – making the clean energy transition more efficient and reliable.

• Railways & Infrastructure: With USD 500 billion earmarked for electrification, new age trains, basic infrastructure and overall upgrades by 2030, India’s railway modernization is unprecedented. TDK supports this through high-reliability Power capacitors, inductors, filters, and surge protection devices that provide traction and help safeguard both infrastructure and onboard systems, ensuring safe and uninterrupted mobility for millions.

• Data Centers & Digital Infrastructure: As India becomes the world’s digital hub – with booming fintech, e-commerce, and cloud services – next-generation data centers are critical. TDK contributes with thermal management materials, EMI suppression, and power conversion modules, ensuring stable, energy-efficient operations that can handle exponential data growth.

• Consumer & Industrial Electronics: Rising incomes and urbanization are spurring demand for energy-efficient appliances and advanced industrial automation. TDK supports OEMs with motor run capacitors, sensors, actuators, and power solutions that enhance energy efficiency, safety, and connectivity – enabling everything from smart homes to smart factories.

India at the Core of TDK’s Future Strategy

India is not only a high-growth market but also a critical node in the global electronics value chain. India is no more China +1, instead powered by over 1700 global competency centers across various verticals, it’s a formidable force to recon with and a strategic worldwide alternative. TDK’s strategy recognizes this reality: by investing in local production, R&D, and partnerships, the company contributes directly to India’s aspirations while leveraging the country’s strengths for global competitiveness.

Breakthroughs and efficiencies achieved in India – whether in EV batteries, renewable integration, or digital infrastructure – are increasingly influencing TDK’s global operations. This synergy enhances agility, responsiveness, and innovation across the corporation.

Looking ahead, India offers a scale and diversity of opportunity that few countries can match. Its large talent pool of 1.5 million engineers graduating annually, combined with government-backed policies, makes it a testing ground for innovation and a springboard for global growth.

As Bansal emphasizes: “By combining local strengths with TDK’s global expertise, we are helping customers bring new technologies to market faster and more reliably. India’s success and TDK’s success are deeply intertwined.”