Socomec, the French power solutions company, plans to invest USD seven to 10 million to set up a new manufacturing facility in India as part of its expansion strategy.

Already operating two factories in Gurugram at full capacity, the company is evaluating locations in southern and western India, prioritising regulatory ease and business environment. The new site is likely to be leased to minimize upfront costs. Socomec’s Indian operations have grown over 20 percent annually, with revenues expected to exceed Rs 1,000 crore this year. Currently, around 50 percent of local sales are supported by ‘Make in India’ production, with plans to increase it to 70 percent. 

The company focuses on power conversion solutions, switching and monitoring, and services, targeting high-demand sectors such as data centres, healthcare, renewables, industry, and EV charging infrastructure. Socomec also dominates 55 percent of India’s solar DC switchgear segment,and sees strong prospects in battery energy storage systems (BESS), supporting India’s growing renewable and EV markets.