Auto component major Anand Group is set to invest Rs 600 crore in the ongoing financial year to build on its capabilities, which also includes bringing advanced and emerging technologies, especially for electric vehicles and sports utility vehicles (SUVs) in India.

The investment being made is part of the Rs 3.600 crore earmarked by the USD three billion Group to enhance competencies for developing and manufacturing advanced auto parts over a period of five years to FY25.

Meanwhile, Mahle Ananad Thermal Systems supplies e-compressors and PTC heaters specifically designed for new generation of e-SUVs and other e-platforms.

The company is a supplier high-end electronic power steering systems and electronic stability control systems for braking from Mando Ananad India for SUVs, and shock absorbers for SUVs through Gabriel India, its listed arm.