The global automotive market is estimated to reach a net worth of $28.7 billion by 2027 according to Markets and Markets. The industry is witnessing advanced technology innovations in all segments, especially Seating and E-Systems. With the automotive industry's global move towards innovation, intelligence, and sustainability, Lear, a global automotive technology leader in Seating and E-Systems, is making every drive better by providing the technology for safer, smarter, and more comfortable in-vehicle experiences for consumers around the world.
Headquartered in Southfield, Michigan, USA, Lear serves every major automaker in the world. Lear’s diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. “With sales of $23.5 billion in 2023, Lear ranks #174 on the Fortune 500. In 2024, Lear was named as FORTUNE magazine’s World’s Most Admired Companies list for the eighth consecutive year”, mentioned Rahul Deshmukh, VP & Managing Director, Lear Corporation India.
Advancing Technological Innovation
As a leading global player, Lear focuses on developing innovative products and utilizing automation to provide advanced and customized products for customers. Lear launched the ComfortFlex by Lear modular designs and the ComfortMax Seat by Lear technology to expand the product portfolio in the Thermal Comfort Systems (TCS) sector.
The ComfortMax Seat by Lear leverages Lear’s leadership in vertical integration to deliver the most efficient, feature-packed complete seat in the industry.
Recently, Lear has been named a 2025 Automotive News PACE Award finalist for Zone Control Module featuring a highly configurable software solution. These innovations represent a significant step forward in automotive design and performance.
In the new era of automotive innovation, Lear is achieving new levels of operational excellence. IDEA by Lear (Innovative, Digital, Engineered, Automated) is the evolution of Lear’s strategy to drive growth and improve profitability by utilizing advanced technology. Lear completed the acquisition of WIP Industrial Automation to further strengthen its automation and artificial intelligence capabilities.
Driving Sustainability Forward
Lear places sustainability alongside business results and operational excellence. The company sets its climate goals to realize a 50 percent reduction in Scope 1 (direct) and Scope 2 (indirect) carbon emissions and 100 percent renewable energy for electric power consumed at global facilities by 2030. By 2050, Lear aspires to eliminate emissions and achieve net zero.
To achieve these goals, Lear is committed to integrating sustainability into product development strategies and processes. The company currently processes more than 1,130 global patents and pending patent applications for sustainable products and manufacturing technologies.
Major global automakers are now adopting Lear’s sustainable innovations, such as 100 percent recycled and recyclable surface material ReNewKnit, and 100 percent recyclable nonfoam alternative FlexAir. Lear’s E-Systems products such as the Intercell Connect Boards and Battery Disconnect Units also enhance the performance of electric vehicles (EVs).
These developments were made possible by Lear’s talents across the globe. The Lear team believes the best way to deliver the highest quality products is to maintain a work environment that fosters collaboration, inclusion, respect and excellence.
In 2024, Lear India was officially certified as among “2024 India's Best Workplaces in Auto & Auto Components” by Great Place to Work and one of the Top 10 Best Companies for Women in India in 2024 by Avtar & Seramount, which are evidence of Lear's high-trust and high-performance culture.
“We constantly innovate our product & processes and relentlessly align our responsiveness to market demand & customer needs while sustaining our exemplary reputation as a business leader and a great place to work”, concluded Rahul.
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