Mumbai: Magna International, North America’s largest automotive parts supplier, has built two new plants in Sanand to fuel its future growth in India.

The Canada-based, $360 1 billion auto parts giant plans to double or more than triple the size of its operations in India to nearly 450 times to $500 million in the next three to four years.

On Wednesday, the company opened two plants for its seating division—-Magna Seating (part of Magna Motors India Private Limited) and Cosma International (a part).

The investment in the Sanand plant reflects Magna’s commitment to the Indian market, Disai, Country Manager, India, Magna International, told The Economic Times.

“It meets our current needs. If we need more production capacity, we may decide to expand in the future. We have enough production capacity to support Ford and other OEMs in Sanand. We are not only manufacturing in India and preparing for future growth. export, but we also design locally and then export, so it is a powerful combination.”

Magna’s Indian subsidiary expects Magna’s Indian subsidiary to generate annual revenues of approximately $130 million in 2015, more than double its 2014 revenues of $55-$6,000.

“In three to four years, we will double, if not triple, our sales. If you look at the Chinese market, our population has grown from 4 million in 2004 to 24 million in 2014. If you look at what happened, our GDP per capita. started at 20,000. It has been declining over the years. If you look at the Indian market, the biggest challenge is infrastructure, which is tripling or quadrupling every 100 a year.

While Ford, GM and other European customers are strong customers for Magna in India, the company is trying to make more inroads with Maruti Suzuki and Hyundai, two major automakers.

Magna’s new facility in Sanand assembled and quickly delivered a complete seating system for Ford. The facility occupies more than 2.15 million square feet.