Marelli boss outlines strategy to become Top 5 global supplier

Marelli has set an ambitious goal: the 3-year-old Italian-Japanese company wants to one of the world’s five largest automotive suppliers based on revenue. Marelli, which has a combined 170 production facilities and R&D centers worldwide, ranks No. 18 on Automotive News Europe’s list of the top 100 global suppliers, with sales to automakers of $11.8 billion in 2020. Based on that list, the automotive lighting and sensing technologies supplier would need to boost its sales 170 percent to pass No. 5 Aisin’s $31.9 billion in sales. Marelli, which was formed in 2019 after Fiat Chrysler Automobiles sold its parts unit, Magneti Marelli, to Japan's Calsonic Kansei in a $6.5 billion deal, is fully owned by the U.S. private equity giant KKR. Marelli Executive Chairman Dinesh Paliwal outlined how the company will reach its target and explained why it appointed a new CEO to get there in an interview with ANE Associate Published and Editor Luca Ciferri.