Melexis expands in India with new office, strategic growth plan

What happened

Melexis announced the opening of its new office in Pune, India; the company said the move further strengthens its local presence in one of its fastest-developing markets and will support growth opportunities in two-wheeler mobility, vehicle electrification, the solar market and smart energy metering. Melexis has been serving customers in India for over 15 years, mainly through distribution partners, with sales growing by more than 30% per annum over the last decade; the new office marks a shift from a distribution-led presence to a dedicated local operation. The source notes the average cost of an Indian two-wheeler sits just above EUR 1,000, keeping system cost critical, and that India is planning to replace traditional energy meters with approximately 250 million smart meters; Melexis is directly targeting this segment with its 3D magnetic sensor designed to support magnetic anti-tampering in smart energy meters. Varun Deshmukh, Sales Director at Melexis India, said the company is aiming for a 30% to 40% market share in key segments like energy meters (a stated aim, not an achieved result).

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Source: Evertiq · 11/2/2026 · View original source