Pune has grown from being a university town to a manufacturing hub. Pune is the epicentre of large industrial clusters like Talegaon, Pimpri-Chinchwad, Bhosari, Ranjangaon, Chakan, etc. The township of Pimpri-Chinchwad is dotted with over 4,000 manufacturing units. Pune is home for industries such as High-Tech Electronics, Electric Vehicles, and many innovative Start-ups like Griffyn Robotech, Nocca Robotics, Enrecover Energry etc. Numerous automobile manufacturers such as Bajaj Auto, Tata Motors, Mahindra & Mahindra, Force Motors, Volkswagen, Daimler Benz, Jaguar Land Rover, Renault and MTU FN. and ancillary companies have invested to setup state-of-the-art manufacturing and R&D centres in the city. Several automotive component manufacturers like TATA Autocomp Systems, Robert Bosch GmbH, ZF Friedrichshafen AG, Visteon and Continental AG are located here. The Automotive Research Association of India (ARAI) is also located in Pune. It is also known for IT & ITES activities with a base of many of India's well-known software development majors such as Infosys, Cognizant, Accenture, IBM and Wipro. Its proximity to India’s financial capital-Mumbai-is just one of the many benefits for companies that setup shop in Pune. Tata Motors, Cummins, JCB, GE and Mercedes are some of the major multi-national giants with their presence in Pune.