CDK Global to invest $50 million in Hyderabad, Pune
Hyderabad: Automotive technology solutions provider CDK Global Inc. on Wednesday said it will invest around $50 million in its first year of operations in India.
CDK Global was spun off from business outsourcing provider Automatic Data Processing Inc. (ADP) in October. It has opened offices in Hyderabad and Pune with 500 and 300 staffers respectively, majority of whom were earlier with ADP’s automotive vertical.
The company will invest $35 million in Hyderabad and $15 million in Pune, Steven J. Anenen, president and chief executive officer of CDK Global said. The figures include annual operating expenses of $30-35 million.
The company has taken up a 102,000 sq.ft. facility with 1,000 seats in Hyderabad’s Madhapur and a 56,000 sq.ft. facility in Pune’s Yerwada with 500 seats.
CDK Global will increase its headcount by 200 this year, adding 120 in Hyderabad and 80 in Pune, Anenen said. India will be a strategic operations centre focusing on product development, analytics, research and development (R&D), and support.
CDK Global employs 9,000 people worldwide, including 1,400 in its R&D division and serves 26,500 retailers, distributors and manufacturers in automotive, truck, motorcycle, marine and heavy equipment product lines. It is listed on Nasdaq and has nearly $2 billion in annual revenues.
Despite having presence in over 100 countries, CDK Global hasn’t yet directly deployed its products and services in India. Anenen, however, said that will change “very soon”, after it enters into direct tie-ups with customers in the Indian automotive industry.
CDK Global’s solutions include dealer management systems, customer relationship management, digital marketing, data analytics and predictive intelligence.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.